PT United Tractors (UNTR) spent IDR 4.45 billion in exploration funds. Exploration activities are carried out for the period July-September 2022.

The exploration activity was carried out by a subsidiary, namely PT Suprabari Mapanindo Mineral (SMM).

The cost of exploration activities for the July 2022 period was IDR 1.17 billion. Then, the cost of exploration activities for the August 2022 period amounted to IDR 3.28 billion, and the cost of exploration activities for the September 2022 period was IDR 0.

So, the total cost of exploration activities for the July-September 2022 period was IDR 4.45 billion.

Exploration activities are carried out in the Area of North Barito Regency, Central Kalimantan Province (Kalteng).

In the July 2022 period, PT SMM carried out drilling activities with a total of 11 points, and had varying degrees of depth.

Furthermore, in august 2022, PT SMM carried out drilling activities with a total of 39 points, and had varying degrees of depth.

Exploration activities are carried out by PT SMM assisted by several subcontractors.

PT SMM, the holder of a coal mining concession agreement for coal commodities. PT SMM is owned by United Tractors as much as 80.1 percent.

Established on June 13, 1991, the articles of association of PT SMM have changed from time to time.

Source: https://www.emitennews.com/news/lakoni-eksplorasi-enitas-united-tractors-untr-habiskan-anggaran-rp445-miliar