Kalimantan Gold Corporation (TSX-V:KLG and AIM:KLG), the junior exploration company focused on copper, gold and coal prospects in Indonesia, announced today of its appointment of Arif Hadian as the new Manager of its Coal Division. Geologist, Arif Hadian, has worked in the East Kalimantan region for a number of years and has vast experience of the coal sector, having worked for large international companies such as BHP Billiton, Essar and Sumitomo Corporation. Mr Hadian’s experience ranges from sourcing new coal areas through to permitting, exploration, feasibility, production and also marketing.
Rahman Connelly, Kalimantan Gold's CEO said: "We are very pleased to have Arif on board at a time when quality coal assets in East Kalimantan are becoming available on more favorable terms than in the past. Macquarie Bank has agreed to work with Kalimantan Gold to devise strategies to evaluate debt financing alternatives for coal projects and we thus feel confident that we will be able to finance the right opportunity."
The company currently has an option over nine coal concessions in East Kalimantan which it is continuing to explore with the objective of taking one or more of them to production and in addition holds exploration rights in two areas: the Jelai epithermal gold prospects in East Kalimantan and the copper porphyry prospects in Central Kalimantan.