Kideco clinches coal supply deal with TETOL

East Kalimantan coal miner PT Kideco Jaya Agung said it has clinched long-term coal supply deal with Slovenian cogeneration firm Termoelektrarna Toplarna Ljubljana (TETOL), a Kideco official said.

Under the deal, Kideco will supply 500,000 tonnes of coal per annum to TETOL for 10 years starting this year, Managing Director CH Richard Lee told Petromindo.Com on a sideline of McCloskey Asia Pacific Conference in Bali on Wednesday.

Lee said Kideco is set to increase 2010 production to 29 million tonnes next year from 24.5 million tonnes planned for this year. (denny)