The group took operational control of the company (PT MCC Extraction Solutions) in May 2017 and this project is the first of our strategic objectives to expand globally. The concession is located in West Kutai, East Kalimantan, Indonesia with a 1,2 million ton coal reserve, the coal seams are complex and rolling, but of very high quality.
Technically challenging in terms of planning, scheduling and execution in some of the wettest conditions in Indonesia. The coal is barged to market. The contract model is unique, and is asset light in terms of us not owning the assets. We supply all the intellectual property for the extraction, as well as the skilled people to execute the plan.