PT Renuka Coal Indo Tbk (RCI) is listed on Jakarta Stock Exchange (ticker
SQMI). The company owns and operates thermal coal mine in Jambi through
its subsidiary. RCI also provides marketing services to other coal miners
for exports to India.
RCI currently owns two mining concessions:
• PT Jambi Prima Coal (JPC): RCI hold 99.9% shares in JPC. JPC holds an IUP OP licenses over a 1000 Ha concession of thermal coal in kabupaten of Sarolangun in Jambi Province. The mine has been in operation since 2009. It has till date exported approx. 2 mln tonnes and holds approx. 90 mln tonnes of reserves (JORC). JPC has all requisite licenses including ET and CnC.
• PT Surya Global Makmur (SGM): RCI holds 90% in SGM through its subsidiary. SGM holds an IUP OP license over a 2600 Ha concession of thermal coal in kabupaten of Sarolangun in Jambi Province. The mine has not yet started production.