Latest East Kalimantan Stories

BOTHELL, Wash., May 8, 2012 /PRNewswire/ -- Borneo Resource Investments Ltd. (OTCPK: BRNE), announced today that it has signed an agreement to acquire 90% of BT Berkat Banua Masanggu which holds a 8,800 hectare (approximately 21,745 acres) thermal coal mining concession in the South Kalimantan Province, Indonesia. The concession contains estimated reserves of approximately 6 million metric tonnes of high-quality thermal coal. Nils Ollquist, Chairman and CEO of Borneo commented,...

LOS ANGELES and JAKARTA, Indonesia, April 23, 2012 /PRNewswire/ -- PHI Group, Inc. (OTCQB: PHIL), (Pinksheets: PHIL), a company focused on energy and natural resources, announced today that its Chairman and CEO Henry Fahman will be presenting at the Kalimantan Coal Conference to be held from September 4-5, 2012 at Novotel Hotel, Balikpapan, Indonesia. This conference, organized by Informa Mining and Metals (IMM), is the first of its kind to bring together local and international...

BOTHELL, Wash., April 23, 2012 /PRNewswire/ -- Borneo Resource Investments Ltd. (OTCPK: BRNE), announced today that it has signed an agreement to acquire 80% of BT Berkat Bumi Waigeo ("Waigeo"). Waigeo holds a 9,601 hectare (approximately 23,700 acres) thermal coal mining concession in the West Papua Province, on the western peninsula of the island of New Guinea, Indonesia. The concession contains estimated reserves of approximately 25 million metric tonnes and measured reserves...

BOTHELL, Wash., March 8, 2012 /PRNewswire/ -- Borneo Resource Investments Ltd. (OTCPK: BRNE), announced today that it has signed a binding letter of intent to acquire 100% of BT Bumi Energy Kalimantan ("Bumi"). Bumi holds a 3,200-hectare (approximately 8,000 acres) thermal coal mining concession in the Southeastern region of Kalimantan, Indonesia. The concession contains estimated reserves of approximately 28 million metric tonnes of high-quality thermal coal. Nils Ollquist,...

BOTHELL, Wash., Jan. 24, 2012 /PRNewswire/ -- Borneo Resource Investments Ltd. (OTCPK: BRNE), announced today that it has issued a letter to its shareholders. Borneo Chairman and CEO, Nils Ollquist commented, "As a relatively new publicly traded company, we are sensitive to the fact that currently very little information is available in the public domain regarding our activities." "After our merger and acquisitions, we wanted to update our existing shareholders, and also provide...

BOTHELL, Wash., Oct. 12, 2011 /PRNewswire/ -- Borneo Resource Investments Ltd. (OTCPK: BRNE), a Company that recently acquired Interich International Limited and changed its name from Aventura Resorts, Inc., announced, that as part of the ongoing implementation of its strategy of acquiring natural resources in the Kalimantan Province of the Republic of Indonesia, it has signed two new significant agreements to acquire properties with coal reserves. These agreements have been entered into...

JAKARTA, Indonesia, November 16, 2010 /PRNewswire/ -- Purchase of Indonesian Coal concession is an important step for Mercuria in the development and growth of its Asian and Global coal business. Highlights - Major strategic step for Mercuria in the growth of its global coal business. - Mercuria makes strategic investment in Indonesia. - Large Coal concession with excellent logistics both road and port infrastructure. - Mercuria consolidates its...

An official said Friday that Indonesia will reserve thousands of hectares of forest in Borneo island for about 200 captive orangutans, which will be released in a conservation drive. "A foundation has asked for a permit on about 86,000 hectares of forests in Kutai area in East Kalimantan (Borneo) to be used for orangutan conservation," forestry ministry secretary general Boen Purnama said.Conservationists have been looking for large areas to try and release the apes as vast tracts...

A national park in Borneo Island, which is home to hundreds of endangered orangutans, has been partially turned into a development zone complete with an airport and brothels, The AFP reported.The Center for Orangutan Protection (COP) said in a statement that almost 600 of the longhaired apes have disappeared from Kutai National Park, East Kalimantan province, over the past seven years of unchecked construction.Hardi Baktiantoro from the Center for Orangutan Protection (COP) told AFP that...

SYDNEY, April 27 /PRNewswire/ -- Highlights White Energy's first clean coal upgrading modular completedCommissioning of plant now underway -- production to be ramped up over a six month period to 1MTPA in capacityEarly cash flows from upgraded coal expected during first six month periodSignificant increase in proposed scope of joint venture with Bayan Resources from 5MTPA to 15MTPAFocus on building the largest clean coal facility in the world at a time when environmentally improved coal...