India?s Taurian to double coal import from Indonesia
Buys 4 panamax cargoes from Bukit Asam
Monday, June 6 2011 - 07:24 AM WIB
?We have shipped a total of 500,000 tonnes of coal from Indonesia in April and May,? said the official, who declined to be identified by name.
Taurian has bought the coal from several Indonesian coal producers including from Kalimantan coal miner Baramulti Group, state-owned coal firm PT Tambang Batubara Bukit Asam (PTBA), Sinarmas Group in Jambi and South Sumatra in Sumatra island, the official said.
The company has shipped 2 panamax cargoes from PTBA and will ship two more panamax cargoes in July-August, the official said without giving details on the price agreed in the deal.
The company is still seeking reliable coal suppliers, the official said.
?We?re looking for coal with heating value of 5,300-5,100 kcal/kg (ADB) and 5,000 kcal/kg-up (NAR),? he said.
The company also plans to start production from its coal mine in East Kalimantan in November this year which is expected to have an initial production of 20,000 tonnes per month.
Production at its East Kalimantan mine is expected to reach 1 million tonnes of high gross calorific value (GCV) thermal coal annually by 2012, he said.
The company?s coal mine is located in Muara Wis sub-district, Kutai Kartanegara regency with coverage area of 1,700 Ha.
The coal from the mine will be shipped to feed the company?s new steel integrated plant which will have a production capacity of 0.5 MTPA in Naomundi, state of Jharkhand, India and is still being constructed. The plant will have 30-MW power plant.
Taurian operates iron ore mines in Jharkhand which has been operating since 2001 with an output of approximately 1 MTPA and it is one of the leading mining companies in the East Coast of India. (denny)