PT Bara Energi Lestari was established based on
the Deed of Establishment of Company Limited No. 04 on 24 June 2005, and was approved
by the Decree of the Minister of Justice and Human Rights No:
AHU-00976.AH.01.01. year 2008 on Deed of Establishment Company Limited
Ratification and has been amended several times. The Company is one of the subsidiaries
of PT Media Djaya Bersama operating in Nagan Raya District, Aceh province.
It is a company engaging in the field of coal mining
and selling by the Decree of the Nagan Raya Regent No. 545/41/SK/IUP-OP/2010,
on March 18, 2010, on the Agreement on the Promotion of Exploration Mining
Business Permit into a Mining Business Permit – Production Operations (“IUP
OP”) for PT Bara Energi Lestari.
IUP-OP of PT Bara Energi Lestari has
concession area of 1,495 Hectare (Ha) in the Nagan Raya region. According to
exploration report as standard JORC issued by PT Runge Indonesia in July 2011,
BEL has coal resources amounted to 72 million metric tons, with 38 million
metric tons of designated resources and 34 million metric tons of inferred