PT Madhucon Indonesia has been granted a new coal mining business permit for the exploration of 30,970 hectares at Mauraduwa in south Sumatra.
The company is a subsidiary of India's Hyderabad-based Madhucon Projects,
It will employ various agencies for environmental impact, coal exploration analysis and necessary clearances, and expects approvals for production within the next four years.
Madhucon already operates a coal mine of 10,000 hectares at Dawas in south Sumatra and is setting up logistics and other necessary infrastructure facilities. Coal production has just started and this mine is estimated to have reserves of 900 million tonnes.
The company is also in possession of another Indonesian coal mine in east Kalimantan and is working a mining contract there.