ADRO - PT. Adaro Energy Indonesia Tbk

Rp 3.010

+50 (+1,66%)

JAKARTA. PT Adaro Energy Indonesia Tbk (ADRO) through one of its subsidiaries, namely PT Laskar Semesta Alam (LSA), has allocated funds of IDR 1.63 billion for the exploration of coal mines in South Kalimantan (Kalsel).

In this exploration activity, LSA appointed PT Adaro Jasabara Indonesia (AJI) as the contractor. According to idnfinancials.com data, AJI is a business entity indirectly owned by ADRO since 2007.

The exploration method used by AJI is a core hole system using a Jarco 240 drill. Throughout September 2022, AJI has drilled 40 points with a depth of 5,448 meters.

Furthermore, LSI will carry out drilling in the western part of the Mining Business Permit (IUP) area.

For the record, LSI is 1 of 3 coal companies that have an IUP in the Balangan area, South Kalimantan. The other two companies belonging to ADRO are PT Semesta Centramas (SCM) and PT Paramitha Cipta Sarana (PCS). The total mining concession area owned by the three companies is 7,500 hectares. (KR/LM)