DTR and Transammonia sign sale contract
Monday, March 25 2013 - 03:47 AM WIB
Coal miner PT Duta Tambang Rekayasa (DTR), a subsidiary of PT Medco Energi Mining Internasional and Transammonia AG has signed sales contract.
Under the deal signed on February 20, 2013, Duta Tambang agreed to sell 50,000 tons of coal with price of US$83 per ton to Transammonia.
Previously, Duta Tambang also signed a contract to sell 300,000 tons of coal to Transammonia with the shipment was first made on February.
The company in the statement said over the weekend that the shipment would be made in every two months.
Duta Tambang Rekayasa mine is located in Nunukan, East Kalimantan.
The company commenced production last year with production target of 330,000 tons of 6,800 kcal/kg cv coal.
Medco?s subsidiary Medco Energi Mining International (MEMI) acquired two mining concessions Duta tambang Rekayasa and PT Duta Tambang Sumber Alam ? both are located in Nunukan with the total resource of 16 million ton.
Editing by Adianto P. Simamora