Noble appointed as the exclusive marketing agent for Berau Coal

Global commodity trader Noble Group Limited announced on Monday that it has recently been appointed as the exclusive marketing agent for PT. Berau Coal production exported to international destinations excluding Japan and Malaysia.

Berau Coal currently mines coal in East Kalimantan, and is Indonesia?s fifth largest producer with targeted total production in 2014 of 30 million metric tonnes.

The Noble marketing agreement extends for the life of the Berau Coal assets, with Indonesian domestic sales by Berau Coal, which accounts for about 30% of total production continuing to be marketed by PT. Berau Coal directly, and with export sales to Japan continuing to be handled by Sojitz Corporation. Sojitz is 10% shareholder in Berau Coal.

Noble will co-ordinate the marketing of PT. Berau Coal product from its Singapore office and will immediately utilise its extensive global network of offices to market Berau Coal production directly to the end consumer.

Noble will be responsible for the contract management of all current and future export coal sales agreements (excluding Japan and Malaysia) and will be closely integrated with the Berau Coal logistics team to provide a world class execution service, the company said.(denny)