Supra Bara to sign credit facility with BNP Paribas
Wednesday, September 7 2011 - 07:31 AM WIB
East Kalimantan coal miner PT Supra Bara Energi will sign a credit facility from Bank BNP Paribas today in Jakarta, the company said.
Supra Bara Energi is part of Mitra Jaya Group.
In Dec, 2010, US top coal producer and trader Peabody Energy announced that it has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the export market to customers in Asia through Peabody's COALTRADE international Singapore trading hub. Peabody will source several million tonnes of coal over five years from SBE's mine.
SBE holds a 2,403-hectare coal mining concession in Sambaliung district of Berau regency.
More detailed information to follow. (denny)