Reksaindo signs 2 year off-take agreement with Peabody
Friday, September 21 2012 - 10:48 AM WIB
By Edgar Subroto
Bengkulu coal miner PT Reksaindo Guriang Tandang (RGT), a coal unit of Indian firm Archean Group has recently signed a 2-year off-take agreement with international trader Peabody.
A source told Petromindo.com that RGT's current production rate is around 75,000 tons per month of coal with 4,600 kcal/kg (GAR) cv. The source did not state whether Peabody will be entitled for some or all the output.
?The off-take deal was actually signed on the second quarter of this year," the source said.
Editing by Er Audy Zandri