MAS SARI - Legal, Permit, Coal Mine Summary1

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PT.

MAS SARI Coal Mine Summary

Company Name : PT. MAS SARI.


Company Legality : Notary Company Act, Deed of Establishment :
1). AKTA Pendirian Perusahaan ; No. 22, Dated : September 4, 2003.
Notary : Hajairin, SH.
SK Penetapan Pendirian Kum HAM ; Dated : January 30, 2004.
2). AKTA Perubahan Perusahaan ; No. 11, Dated : June 23, 2008.
Notary : Sugiharto, SH. MH.
SK Penetapan Pendirian Kum HAM ; Dated : July 14, 2008.
3). AKTA Perubahan Perusahaan ; No. 6, Dated : June 7, 2010.
Notary : Sugiharto, SH. MH.
SK Penetapan Pendirian Kum HAM ; Dated : July 12, 2010.
4). AKTA Perubahan Perusahaan ; No. 9, Dated : 16 May, 2019.
Notary : Zainal Arifin, SE. SH.
5). AKTA Perubahan Perusahaan ; No. 7, Dated : September 30, 2019.
Notary : Zainal Arifin, SE. SH.
SK Penetapan Pendirian Kum HAM ; Dated : October 3, 2019.
6). IPPKH; Nomor: SK. 70/1/KLHK/2020 ; Dated : May 11, 2020.

Director : Mr. JONHAN FRINATA.


Commissioner : Mr. HENRY YOSEF.

Coal Mine Permit : IUPOP (Mine Enterprise Permit of Operation Production).


Decree by Bupati of Kapuas Regency ;
No. IUPOP 276/DISTAMBEN/TAHUN 2012, Dated : July 5, 2012.
Valid until : July 4, 2027.

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Location : Supang Village, Kapuas Hulu District, Kapuas Regency,
Central Kalimantan Province.
Area Code : 91/BB/21/MS
Land Area : 1,500 Hectares.
Land Owner : Owned by PT. MAS SARI.
Land Status : already has Permit IPPKH 750 Hectares.
Status C&C : CNC-7.
Single ID : 3362033032014011.

Thickness of Coal Seam : 2.5 to 9 meters.


Dip of Coal Seam : 15 to 20 degree.
Number of Seam : Multi Seams.

Coal Characteristic : Semi-Coke, named South Ayuh Coal, Buntok.

Specifications :

First ROA (Code A) by Sucofindo :


GCV : 7679 ADB = 7632 GAR.
TM : 3.0%.
IM : 2.4%.
Ash : 5.6%.
VM : 42.3%.
FC : 49.7%.
Sulphur : 0.41%.

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Second ROA (Code B) by Sucofindo :
GCV : 7621 ADB = 7566 GAR.
TM : 2.9%.
IM : 2.2%.
Ash : 6.9%.
VM : 41.7%.
FC : 49.2%.
Sulphur : 0.38%

Stripping Ratio (SR) :1:5


Total Reserved : 200 Millions MT (until range max 40 meters depth).

Production Target per month : First stage 200,000 MT.


Second stage, after 6 months, increase to 300,000 MT.
Third stage, after 10 month increase to 400,000 MT.

Supply chains :
Distance Mine to Jetty : use 1 hauling road, which is 15 KM.

Name of Jetty : MAS SARI.


Low Tide : Draft 4 meters depth.
High Tide : Draft 10 meters depth.

Location : Opposite of PT. Kapuas Tunggal Persada (KTP) Jetty, Tanjung Kelanis Village,
Mantangai District, Kapuas Regency, Central Kalimantan Province.

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Coordinate of 1st Jetty : 1. S 01° 05' 53.46"
T 114° 06' 35.20"
2. S 01° 06' 01.04"

T 114° 06' 36.99"

Coordinate of 2nd Jetty : 02°- 06' - 25" LS / 114° - 26' - 19" BT


02° - 06' - 59" LS / 114° - 26' - 27" BT
02° - 08' - 21" LS / 114° - 28' - 29" BT

Area of Jetty : 80 Hectares ; Land status APL (Owned by PT. MAS SARI).
The length of the river bank of Jetty : 1.7 KM.
Loading Point : Plan to build 5 Conveyors.
Jetty Capacity : allow berth 300 to 320 feet (7,500 - 9,500 MT per shipment).
Loading system : by Conveyor.
Loading Rate : 800 to 1,200 MT/hour.

Distance Jetty to MV Anchorage : 102 Miles (164 KM).


Anchorage Name : Taboneo, South Kalimantan.
MV capacity : Panamax ; 80,000 MT/shipment.

Note :
in order to shorten the distance from Jetty to Anchorage MV, PT. MAS SARI has plan to barging
sailing via Muara Mahakam river, Transhipment to Anchorage Batanjung, Central Kalimantan,
which is nearer than barging transhipment to Taboneo Anchorage, in South Kalimantan.

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