(MENAFN- ProactiveInvestors - Australia) Pan Asia Corporation (ASX: PZC) has completed detailed dry season baseline data collection at its flagship Transcoal Minergy Coal Project (TCM Project) in Indonesia.
The sampling was conducted by PT Hatfield Consultants which were commissioned by the company to revise and update the existing Indonesian Environmental Impact Assessment, expected to be completed by March 2013.
Samples were collected over a wide area for ambient air, noise, river water, ground water, aquatic biota, fish and soil.
Flora, fauna observations and transportation surveys were completed, and socio-economic, cultural and public health surveys were conducted on the Rejosari, Mantewe and Sakadamai Villages, all located outside of the concession area.
Alan Hopkins, chief executive officer, commented: "This shows our commitment to bring the TCM project into development while observing best environmental practice."
TCM â€" flagship project
The TCM Project hosts a 128 million tonne JORC Resource that has a high calorific value thermal coal of 6,200 kilocalories per kilogram.
Demonstrating the potential to expand this Resource, Pan Asia has previously outlined an exploration target of 200 to 220 million tonnes.
The Production IUP has already been issued and PMA status has been granted, which means Pan Asia can work towards securing substantial foreign investment to develop the project.
Pan Asia is currently targeting an updated JORC Resource for TCM North in the December quarter of 2012.
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