Baturona in talks with Indian buyers for August delivery coal cargo
Friday, June 17 2011 - 04:34 AM WIB
South Sumatra coal miner PT Baturona Adimulya is in talks with several Indian buyers to supply one panamax of coal for delivery in August, said a company official on Friday.
"We are talking with Adani Group, Coal & Oil, Gupta and Bhatia for the cargo. We will see who will give the best price," the official said.
It will be a one time shipment for spot sales, he added.
Baturona holds third generation Coal Contract of Works (CCoW) and owns a coal mine in Musi Banyuasin regency, South Sumatra.
Baturona started coal production in May 2009 but the volume was still small. It produces coal with heating value of 5,200kcal/kg (ADB) with TM varies from 30-50%.
Baturona is a coal unit of Alas Watu Utama (AWU) Group.(denny)