Australia Oriental Minerals announced that coal mining operations at Muara Teweh in Central Kalimantan, Indonesia, have been suspended as a result of sub-economic returns due to a combination of the weak global economic outlook and the complex geology resulting in a lower than expected inferred coal resource.
Announced that PT SMG Consultants have completed their report in relation to the mining concession at Muara Teweh in Central Kalimantan. SMGC have advised that there is a total of 500,000 tonnes of inferred coal resource within the concession. The report notes that the coal quality at the concession can be summarised as high ash, high energy, low moisture and varying (moderate to high) sulphur.
June 30, 2008
Preliminary drilling and exploration has been undertaken in an area of approximately 200 ha within the mining concession, with drilling encountering coal seam intersections of anthracite and high bituminous coal that has high calorific value in the range of 7,500 to 8,300 kcal/kg, low ash averaging 6%, high carbon content
averaging 80.6% and low average moisture at 8.5%.
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