Hanson Energy bags 36,000 tons coal supply contract

IDX-listed textile maker firm PT Hanson International Tbk said on Wednesday that its coal trading unit PT Hanson Energy has bagged 36,000 tons of low calorific coal supply contract to local firm PT Dewata Jaya International.

Hanson Energy has signed the contract for six months period with delivery at 6,000 tons per month, it said in statement.

The source of coal comes from East Kalimantan coal miners, it added without giving further details.

Currently, Hanson International has 10 percent stake in PT Hanson Energy and the company is trying to change its core business into coal with the acquisition of all shares in Hanson Energy.

Hanson Energy has two coal mining concessions in South Sumatra and at the present is seeking partners to develop the concessions. The two concessions are located in Martapura, the capital of East Ogan Komering Ulu regency, and Baturaja, the capital of Ogan Komering Ulu regency.

In a previous report to the Indonesia Stock Exchange, Hanson International said the Martapura mine covered 10,000 hectares of land in East Ogan Komering Ulu, with mineable reserves of 46 million tons. It has commenced mining on an area of 500 hectares. The mining concession is located some 220 kilometers from Tarahan coal port in Lampung.

The Baturaja mine covers an area of 20,000 hectares with mineable reserves estimated at around 80 million tons, the company said. (denny)