Kideco says Enel satisfied with trial shipment
Monday, June 9 2003 - 05:53 AM WIB
East Kalimantan-based coal mining firm PT. Kideco Jaya Agung said trial shipment to Italy?s Enel Spa. was a success and expected more coal sales in the near future.
?Enel used Kideco?s coal as blend and they are satisfied with the results,? said company?s managing director Kim Sung Kook on a sideline of seminar in Bali Monday. But he added that thus far, no firm contract was signed.
Kideco shipped 210,000 tons of coal to ENEL early March this year.
?One of the main stumbling block for Enel to buy our coal is high shipping cost to Italy that currently reached US$ 14.5 per ton,? said Kim. He, however, was optimistic that new deal will be struck this year. (alex)