Kaltim Prima Coal

1978

The Government of Indonesia invites tenders from foreign companies for the exploration and development of coal resources in east and south Kalimantan. A BP/CRA joint venture was successful in bidding for an area of 7,900 sq. km in two blocks extending 300 km along the coast of eastern Kalimantan

1982

PT Kaltim Prima Coal (KPC) incorporated in Indonesia with BP and CRA each holding 50% of the shares. KPC licensed to conduct exploration and mining of coal based on a Coal Contract of Works (CCOW) with the concession covering 90,706 ha. The Indonesian State Coal Company (PTBA) to receive 13.5% entitlement of all production

1988

KPC decision to proceed with the development of an export mine with a design capacity of 7 million tonnes per annum (Mtpa) following detailed exploration and a feasibility study of prospects close to Sangatta. The prospect has substantial quantity of high quality coal reserves, is close to a coast line with deep water and is strategically located to service growing markets. KPC subsequently relinquished most of the original Agreement Area, retaining 1,961 sq. km

1989

Construction commences in January. The budget for the project is US$570 M

1990

Work on the large scale mine development commences in June

1991

All major items were commissioned by late 1991

1992

Commercial exports begin in January 1992