Royal Global Exports trades 600,000 tons in 1st quarter

By Er Audy Zandri

Singapore based trading company Royal Global Exports Pte Ltd, the parent company of Indonesian mining contractor PT Solid Black Gold, stated during the second day of the 10th Coaltrans China conference in Beijing on April 18 that the company produced and traded up to 600,000 tons of coal in the first quarter of this year.

"The company was established in 1996. It established mining subsidiary PT Solid Black Gold in around 2004 with annual production of up to 800,000 tons. We then entered the trading business in 2010 with up to 500,000 tons of coal," said Royal Global Exports General Manager Mohid Maheshwari to seminar attendees.

Pan Century Global Exports Pte Ltd, its trading subsidiary, reportedly traded about 1 million tons of coal in 2011, of which about 90 percent was sold to the Indian market, while the remaining 10 percent went to China. It was also revealed that the group's turn over value reached about US$350 million in total.

Solid Black Gold is a mining contractor company with production area located in Luwe Hulu, Lahei sub-district, North Barito Central Kalimantan of coal with minimum calorific value of 6,300 kcal/kg (GAR). Its main markets include Japan and USA.

Editing by Adianto P. Simamora