Asia Resource Minerals PLC (ARMS)

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Company Description

Asia Resource Minerals PLC formerly known as Bumi PLC, together with its subsidiaries is engaged in coal mining operations and exploration and development of mineral mining concessions. The Company's coal operations are located near Tanjung Redeb, East Kalimantan, in Indonesia. PT Berau has three open cut mining operations, namely Lati, Binungan and Sambarata, located in an 118,400 hectare concession area in East Kalimantan. Production of thermal coal is blended to adjust the overall quality grade of the product, with current calorific values ranging from 5,000 kcal/kg to 5,700 kcal/kg (on a gross as received' basis) for use in coal fired power plants...