Assets & Locations

GEAR owns three (3) mining concessions, consisting of primarily thermal coal with an average calorific value range of between 3,900 kcal/kg (arb) to 6,600 kcal/kg (arb). Our concessions cover an aggregate of approximately 38,165 hectares in South Kalimantan, Central Kalimantan and Jambi (a province in Sumatra), Indonesia.
Collectively, GEAR owns the right to mine more than 2.1 billion tonnes of thermal coal resources, with coal reserves of 639.8 million tonnes.

GEAR believes that it has a competitive edge over other domestic and international coal producers due to the GEAR Group’s low operating costs as a result of the utilisation of open cut mining methods which in turn leads to relatively low stripping ratios, and the proximity of its mines to transportation and port facilities as well as the proximity of its mines to the potential markets for its coal.

International customers of the GEAR Group typically consists of traders and end users. The markets include China, India, Thailand, Pakistan and Malaysia. Domestic customers of the GEAR Group include power plant operators, pulp and paper factory operators, cement industry and coal trading companies that purchase coal for resale purposes.
Under the concessions issued by the Indonesian Government, the Group has exclusive mining rights over concession areas covering an aggregate of approximately 38,165 hectares, which are located across South Kalimantan, Jambi (a province in Sumatra) and Central Kalimantan in Indonesia.

These concessions are held by three subsidiaries, namely, PT Borneo Indobara (“BIB”), PT Kuansing Inti Makmur and its subsidiary ("KIM Blocks"), and PT Trisula Kencana Sakti (TKS).

TKS has other mining concession covering approximately 1,748 hectares located in East Barito Regency, Central Kalimantan, which currently has no JORC report. TKS produces coal with a calorific value of 5,300 kcal/kg.

PT Borneo Indobara

BIB has mining concession areas covering approximately 24,100 hectares located in South Kalimantan with a coal resource estimate of 1.8 billion tonnes and a coal reserve of 604.2 million tonnes; BIB produces coal with a calorific value of between 4,000 – 4,300 kcal/kg.

PT Kuansing Inti Makmur

KIM has mining concession areas covering approximately 2,610 hectares located in Jambi (a province in Sumatra) with a coal resource estimate of 260 million tonnes and a coal reserve estimate of 35.6 million tonnes; KIM produces coal with a calorific value of 4,700 kcal/kg.

PT Trisula Kencana Sakti

TKS has mining concession areas covering approximately 9,707 hectares located in North Barito Regency, Central Kalimantan with a coal resource estimate of 77 million tonnes. A study estimating the coal reserves was not possible due to various reasons.

PT Hutan Rindang Banua

GEAR holds a forestry concession right of 265,095 hectares in four regents in South Kalimantan, Indonesia, of which approximately 12,991 hectares of the forestry concession area has been planted with Acacia Mangium – a fast growing leguminous species which can be processed into market pulp for the production of tissue, printing and writing grade papers and 219 hectares of rubber plantation.
PROXIMATE ANALYSIS BIB 4000 BIB 4200 KIM 4700 TKS 5300
Calorific Value Kcal/kg As Received 4000 4200 4700 5300
Calorific Value Kcal/kg Air Dried 5300 5500 5800 5900
Total Moisture % As Received 37 35 27 23
Moisture % Air Dried 15 15 12 14
Ash % Air Dried 7 7 14 7
Volatile Matter % Air Dried 42 42 39 40
Fixed Carbon % Air Dried 36 36 38 39
Total Sulphur % Air Dried 0.5 0.5 1.1 2.2
HGI % Approximately 55 55 60 53
Size % Mm 0-50 0-50 0-50 0-50
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