Singapore listed firm Abterra Ltd, through its Indonesian coal trading unit PT Abterra Resources Indonesia, has bagged 1-year contract to buy 100,000 per month of coal from South Kalimantan coal miner.
The company’s manager told Petromindo.Com the coal supply the shipment is expected to start early December with an initial coal shipment of 40,000-50,000 tones per month. The coal is sourced from PT Borneo Lintas Sarawak (BLS).
The coal prices will be adjusted every three month based on indexes, he said. The coal from BLS has calorific value of 6,300-6,100 kcal/kg (ADB). According to him, the company is now scouting for more coal to supply its parent company’s business in China, “We look more coal supply at least around 300,000 tonnes of coal per month, with calorific value of 5,800-5,600 kcal/kg,” the manager said.
According to Abterra’s website, Abterra trades coking coal, coke and iron ore in Australia, India, Indonesia and China. Tapping on the the competitive advantage of a strong parent company, General Nice Resouces (Hong Kong) Ltd., Abterra is able to leverage on its concrete branding and expertise to establish a strong foothold in China.
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