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PTFI

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AcronymDefinition
PTFIPilot Trial for Ignition
PTFIPresbyterian Theological Faculty Ireland
PTFIPhil the Funky Instrumentalist (musician)


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Four employees of a contractor to PTFI working in the area are unaccounted for and, unfortunately, now appear to have perished.
This comprises both its own 40% share of costs to date and an advance to PTFI under a $450 million non-recourse loan towards PTFI's share of costs for expansion activities above 118,000 tonnes of ore per day in PTFI's Block A area, where current mining and milling operations are underway.
The Indonesian company is owned by affiliates of Duke Energy (30%), PowerLink (30%), PTFI (30%) and PT Austindo Nusantara Jaya, an Indonesian investor (10%).
 
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