HK trader sets up Indonesian coal exports ops

UK-listed Hong Kong-based trader Power Capital Global Limited reported on Wednesday that it has established a steam coal export operation based in southern Kalimantan.

?A team of personnel have been sourced with strong local relationships and our first two shipments, in aggregate totalling more than 70,000 metric tonnes of steam coal, have been executed,? Chairman Lin Kung-Min said.

Lin said that the company is the process of establishing a domestic corporate presence in Indonesia, and plan to scale our quarterly volumes of steam coal exported from Indonesia substantially.

Lin also said that the company?s immediate focus was to launch a steam coal trading business servicing power producers and large-scale manufacturers in China and Taiwan. (alex)