Berkat Banua owns a thermal coal mining concession in the South Kalimantan Province, Indonesia.
The 8,800ha concession contains estimated reserves of about six million metric tons of high-quality thermal coal.
Borneo chairman and CEO Nils Ollquist said, "Our ongoing efforts in the region continue to give us the opportunity to secure very attractive properties with high quality coal, thus enabling us to continue to expand the Company’s portfolio and increase shareholder value."
Borneo Resource Investments through its wholly-owned subsidiary Interich International obtains mining concessions.
The company intends to explore and develop coal reserves primarily in the East Kalimantan and West Papua regions of the Republic of Indonesia.
