LG Int’l to test produce coal from Indonesia

[THE INVESTOR LG International is expected to test produce coal it excavates from the Gam mines in Indonesia beginning this month.

The coal reserves in the mines are projected to reach up to 220 million tons.

The test production will be conducted until the end of this year. Commercial production will begin in January of 2017 with aims of churning out an annual 3 million tons. LG International is seeking to increase the supply to up to 140 million tons.

 

A coal mine in India

The South Korean trading firm began to excavate the Gam mines in 2012 by attaining a 60 percent stake and full operational control. Previously, it had successfully developed another mine in 2007, which currently supplies 3 million tons.

By Kim Ji-hyun (jemmie@heraldcorp.com)