Download as pdf or txt
Download as pdf or txt
You are on page 1of 2

ASXANNOUNCEMENT

1 November 2013

Announcement Indonesian Coking Coal Production & Sales

- First Coal Shipment PT PAR East Kalimantan


- Increased Collaboration and Supply Agreement Vietnam
- Mine and Port Inspection Indonesia Chairman Danka Minerals Vietnam

South East Asia Resources Limited (ASX: SXI) (Company) is pleased to announce that it has
commenced production for the first shipment of semi soft coking coal from the PT Pola Andhika
Realtor (PAR) mine site in East Kalimantan Indonesia, as part of an off-take coal agreement
through its wholly owned subsidiary Singapore based South East Asia Energy Resources Pte Ltd
(SEAER PTE). The coal is being supplied under a long term agreements to the newly
commissioned Viet Trung Coke Plant in North Vietnam owned by CoalMiDanka Limited, part of
the Danka Minerals Group of Vietnam.
PT PAR soft coking coal mine is located near Balikpapan in East Kalimantan and has been under
development by SEAER. The coal is provided from a multi seam truck and excavator operations
providing both semi soft coking coal and additional high-grade thermal coal. The coal is trucked
by internal haul road some 36 kms to the barge loading port of Telen where it is processed and
loaded onto 6,000 tonne barges for 30 km trans-shipment to anchorage of Adang Bay. The coal
will be loaded in 12,000 tonne batches to the Vietnamese chartered Handimax ships using gear
and grab for direct shipment via South China Sea to the Port of Cai Lan, Quang Ninh Province
North Vietnam. The supply contract is on an FOB ship basis only.
The production is being undertaken by mining contractor Debbia Mining under the mine and
project management of United Mining Indonesia with Indonesian and Australian site
management and engineering support. The first shipment of 12,000 tonnes of coal is scheduled
to be loaded for Vietnam on the 25 November 2013, with continued monthly shipments
thereafter.

Pictures taken at site of production and coal stockpiles

South East Asia Resources LimitedACN 009 144 503


311-313 Hay Street Subiaco, Western Australia 6008 T:+61 (0) 8 6489 0600 www.southeastasiaresources.com.au
To officiacate the commencement of the collaboration between South East Asia Resources,
Danka Minerals and subsidiary CoalMiDanka within Indonesia, the Chairman of Danka Minerals,
Mr.Cong Su Nguyen, Director Mrs Thi kim Thanh Le and Technical Manager Mr Van San Phan
accompanied by SEAER executive Gary Williams and United Management T.L.Lie and Danny
Josef inspected the mine site operations and port at PAR yesterday, 31 October 2013. Following
the inspection a further understanding was reached with CoalMiDanka for expanding long term
coal off -take from Indonesia extending to future thermal coal.
The Company is also in discussions with Danka Minerals and subsidiary CoalMiDanka on
additional cooperation in other projects.

Pictures taken at site of mine site operation and port inspection by Vietnamese delegation.

ENDS

About South East Asia Resources Limited


South East Asia Resources is a resources focused resource exploration company listed on the Australian Securities
Exchange (ASX code: SXI) and Frankfurt Stock Exchange (FSE code: R1E), with a vision to find, prove and extract value
from world class resource projects in South East Asia. The Company is building a resources portfolio with its
cornerstone project Malala Molybdenum Project in the ToliToli Province in North Sulawesi, Indonesia and interests in
the Penajam East Coal Project in Penajam Regency of East Kalimantan, Indonesia.

2|P a g e

You might also like