Dayaindo secures coal supply contract from Chinese firm

IDX-listed coal mining and trading company PT Dayaindo Resources International has secured 5-year contract to supply coal to a Chinese company, Kontan daily reported.

Under the deal, Dayaindo will supply 100,000 tonnes per month of medium CV coal to Guangdong Zhenrong Energy. The contract was signed on September 2009, the report said.

The report did not say when shipment would commence.

Earlier on September 10, the company also signed deal to supply 100,000 tonnes per month of high CV coal to Guangdong Zhenrong for two years.(*)