ITM secures 60 million tons of coal supply to its clients
Friday, February 15 2013 - 02:45 AM WIB
Indonesia-listed coal group PT Indo Tambangraya Megah Tbk (ITM), an Indonesian coal unit of Thai energy firm Banpu, has secured commitments to sell 60 million tons of coal to various buyers for the period of 2012-2021.
For this year, the company?s clients include Enel Trade SpA, Udupi Power Corporation Ltd, Adani Global Pte. Ltd, The Hongkong Electric Co, China Huaneng Group Co, Ltd, Marubeni Corp, TNB Fuel Services Sdn. Bhd and Chubu Energy Trading.
ITM has five coal producing mine subsidiaries operating in East and South Kalimantan , namely: PT Indominco Mandiri, PT Jorong Barutama Greston, PT Kitadin, PT Trubaindo Utama and PT Bharinto Ekatama.
ITM has produced around 27 million tons of coal last year, it is targeting to produce around 28 million tons of coal for this year.
Editing by Reiner Simanjuntak