Radiant starts coal trading unit

JSX-listed engineering contractor PT.Radiant Utama Interinsco said on Thursday that its coal-trading unit PT Supraco has commenced coal-trading activities since July 2007.

Investor Relations Manager M. Arsyad Lubis told Petromindo.Com that the company?s trading volume has started from 15,000 tonnes per month and will reach 30,000 tonnes this month.

Lubis said next year Supraco is aiming to sell up to 60,000 tonnes of coal per month.

Currently, the company has bagged contract to sell South Kalimantan coal with CV range of 5,500-6,000 Kcal/kg to Malaysian trading firm Total Energy, Lubis said. (denny)