Ann: Infrastructure Joint Venture Advances to the Next Stage, page-691

Fwiw -- SJ -- I think the Petroindo deal will happen. The biggest risk here is that the mining costs have gone awry overboard and CKA barely makes more than $20-30/t on its coal sales, obviously Eddie skimming the 6% or is it actually 10%? does not help.

Remember its a very thin seam and high OBR ratio mine -- such mines will never get developed in a place like Australia like ever. But in Indonesia, mines can cut corners and cheap labor can somehow make them economic. But if the costs go overboard -- then good luck