Mitrabara signs coal sales agreement with Brooklyn
Thursday, October 22 2015 - 02:29 PM WIB
By Romel S. Gurky
IDX-listed PT Mitrabara Adiperdana Tbk announced on Thursday it has signed a coal sales agreement with Brooklyn Enteprise Ltd, which is an affiliate of the firm.
Under the agreement signed on Wednesday, Mitrabara will deliver two vessels of coal, each containing 8,000 tons +/-10 percent depending on the buyer?s preference. The coal will be delivered in two phases around November and December, the firm said without specifying the price of the coal and the destinations of the deliveries.
Mitrabara operates coal concessions in Malinau Regency, North Kalimantan. The firm aims to boost production to 4 million tons this year from 2.5 million tons last year.
Editing by Johannes Simbolon