Agritrade to increase coal production capacity, upgrade infrastructure
Thursday, December 29 2016 - 06:33 AM WIB
Hong Kong-listed Agritrade Resources Ltd, which operates coal mines in Kalimantan, said it aims to increase production capacity and upgrade and improve existing logistics and infrastructure facilities such as securing exclusive rights to use the hauling road for coal delivery and improving the capacity and efficiency of the stockpiles, jetty and loading facilities.
?These measures were pursued to improve access to transportation infrastructure, and to enhance the supply network and distribution in order to deliver more cost effective coal products to end-users,? Agritrade said in a report seen on Wednesday.
The company said improvement in the coal supply chain is expected to increase the group?s market penetration, thereby strengthening the group?s position as a reliable coal supplier and enhancing the group?s brand reputation in the target markets.
The group has established strong sales and marketing capabilities within the domestic Indonesian market and fast growing Asian coal market such as China and India. The company said it has successfully established its coal distribution network rapidly by leveraging on the 35-year commodities trading experience and wide network of international clientele of Agritrade International Pte. Ltd., the company?s controlling shareholder. ?In the year ahead , the group will continue to expand our domes tic and international customer base and place more focus on coal exports to top-tier international coal market to become a more international and global coal industry player.?
Agritrade owns two Indonesian coal mines, namely PT Senamas Energindo Mineral (SEM) mine in Central Kalimantan and Rantau Nangka underground coal mine in South Kalimantan, and operated one coal mine located in Indonesia, namely Bunda Kandung mine in Central Kalimantan, under the contract mining arrangement.
Editing by Reiner Simanjuntak