Indo Tambangraya Megah Tbk (ITMG) said that coal mining activities from January to March 2024 were a continuation of activities carried out by 4 subsidiaries in the previous month period through their subsidiaries.

Monika Ida Krisnamurti, Corporate Secretary of ITMG, in a written statement (8/4) said that the four subsidiaries, namely PT Indominco Mandiri, PT Trubaindo Coal Mining, PT Bharinto Ekatama, and PT Jorong Barutama Greston, spent IDR 11.85 billion.

The exploration activities were carried out by the Geology Department with a focus on preproduction and development drilling activities using the Open hole drilling and Coring methods in PT Indo Tambangraya Megah Tbk (ITM)’s subsidiary.

Trubaindo Coal Mining conducts exploration in the South Block area located in Muara Lawa District, West Kutai Regency, East Kalimantan Province has been carried out by the Drilling Service Contractor PT Cosyindo Teknik (CT).

In the period January - March 2024, preproduction drilling activities have been carried out on South Block (SB2), while South Block (SB3) is still waiting for the Exploration PPKH permit to be approved by the Ministry of Environment and Forestry for IDR 1,099,625,486.

Meanwhile, PT Indominco Mandiri's drilling operations are carried out in the West Block and East Block located in Sangatta District, East Kutai Regency, Marang Kayu District, Kutai Kartanegara Regency and North and South Bontang District, Bontang Regency, East Kalimantan Province, carried out by the Drilling Contractor PT Geryndo Utama (GU) using four (4) Jackro 175 units.

In January - March 2024, PT Indominco Mandiri only conducted drilling activities in the West Block in the form of pre-production drilling of 78 holes with a depth of 5,857 meters in the form of open hole drilling of 54 holes with a depth of 5,672 meters and coring drilling of 24 holes with a depth of 185 meters in the area of pit 24, pit 13HWPB and pit SWB.

Meanwhile, there was no drilling activity in the East Block. In the preproduction drilling activities, 149 ply samples were taken. To support mining activities during January - March 2024, 361 coal samples were taken from the existing pit and ROM areas. The total drilling cost for January - March 2024 is IDR 1,913,598,364.

The Drilling Operations of PT Bharinto Ekatama are located in Damai Sub-district, West Kutai Regency, East Kalimantan Province and East Teweh Sub-district, North Barito Regency, Central Kalimantan Province with a working area of 17,311 Ha as contained in the attachment to the letter of the Director General of Mineral and Coal dated April 12, 2017 (the previous area was 22,000 Ha).

The working area is divided into three main areas (blocks), namely the Biangan Block covering 4,707 Ha (East Kalimantan and Central Kalimantan), the Lempenang Block covering 7,943 Ha (East Kalimantan and Central Kalimantan), and the Tenaik Block (previously named Skidding Block) covering 4,661 Ha (all East Kalimantan).

In the period January - March 2024, PT Bharinto Ekatama carried out pre-production drilling activities in the Lempanang Block in 130 drill holes with a depth of 7471 meters for the Open Hole and 9238 meters of the core drill (Coring) and exploration activities on the Tenaik Block with an Exploration PPKH permit in 2023, for drilling activities, exploration drilling has been carried out in 78 drill holes with a depth of 9341 meters for Open Hole and 506 meters of core drill (Coring) for IDR 8,844,936,194.
 

Image source: doc. Indo Tambangraya Megah Tbk (ITMG)
Source: https://emitennews.com/news/indo-tambangraya-itmg-rogoh-dana-eksplorasi-rp118m-ini-rinciannya