Flame to double 2011 coal import from Indonesia

Switzerland trading firm Flame SA, through its Indonesian coal trading unit PT RST International, is planning to boost coal import from Indonesia to about 6 million tons in 2011 from this year?s target of 3.7 million tons, the company?s official told Petromindo.Com.

The official said that coal import from Indonesia as of October 2010 was more than 3 million. ?We don?t have any problem with current unusual rain season. There is no force majeure statement from coal miners. (There were) only several re-scheduling coal shipments,? the official said.

Of the 6 million tons target, the firm has secured about 3.7 million tons from East Kalimantan miners, including PT Bara Jaya Utama, which will provide 1.2 million tons under 1-year contract, and PT Adimitra Baratama Nusantara, the official said.

The company had signed a 4-year contract with Adimitra to supply a total of 3.8 million tons of coal, starting September 2009.

"The remaining volume is expected to be supplied by other coal miners," the official added without giving further details. (denny)