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CBM in South Kalimantan soon to be exploited

Coal bed methane (CBM) gas drilling companies in South Kalimantan immediately increase the status of the drilling from exploration to exploitation. “Until now, the gas companies that won the tender to manage CBM, both in Tanah Laut and Kotabaru has only just conducted the sampling process, I hope there will be a progress in 2013,” said Haryozani, head of Energy and Mining Agency of South Kalimantan in Banjarmasin, Monday (1/14 ).

CBM in South Kalimantan soon to be exploited

Coal bed methane (CBM) gas drilling companies in South Kalimantan immediately increase the status of the drilling from exploration to exploitation. “Until now, the gas companies that won the tender to manage CBM, both in Tanah Laut and Kotabaru has only just conducted the sampling process, I hope there will be a progress in 2013,” said Haryozani, head of Energy and Mining Agency of South Kalimantan in Banjarmasin, Monday (1/14 ).

Coal stock in strenghtening trend

Stocks of coal companies this week are expected to be in a strengthening trend (uptrend). Depreciation of the rupiah will push coal stocks into the golden moment sector in the Indonesia Stock Exchange (BEI). On the other hand, investors are encouraged to take the trading floor because the composite stock price index (IHDG) is expected to move mixed with a tendency to weaken.

Coal Mining

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