Krakatau to import coking coal from Australia
Wednesday, April 6 2016 - 01:53 AM WIB
IDX-listed steel giant PT Krakatau Steel Tbk plans to import coking coal products from Australia for its blast furnace in Cilegon, Banten, which is currently near completion.
?We?ll (import) from large Australian (coal mining) firms, but we can?t disclose the name of the company yet,? said Krakatau President Director Sukandar Tuesday. ?For now, we?ll certainly buy from Australia. But if local producers have coal (specifications) that meet our requirement, there?s possibility that we may also buy from them,? he added.
The blast furnace facility is expected to be completed in September of this year. It will have a capacity to produce 1.2 million tons of hot metal, an intermediate product for the production of various steel products.
The US$656.3 million blast furnace will require about 833,660 tons per year of coking coal, and 210,000 tons per year of PCI coal.
Editing by Reiner Simanjuntak