Press Release
PT Bayan Resources joins globalCOAL
LONDON AND SINGAPORE – 29 March 2010
globalCOAL® announced today that Jakarta-based PT Bayan Resources Tbk has joined the globalCOAL trading platform as a Market Member.
The Bayan Group produces coal ranging from semi-soft coking coal to environmentally-friendly low sulphur, sub-bituminous coal from mines located primarily in East and South Kalimantan. The company also owns coal loading infrastructure including the Balikpapan Coal Terminal in East Kalimantan, with a throughput capacity of 15 million tonnes per annum, and the Kalimantan Floating Transfer station.
“As one of the major producers and exporters of coal in Indonesia, we are proud to welcome the Bayan Group as a noteworthy addition to our Membership”, said Patrick Markey of globalCOAL. “With the important efforts we have invested in updating and developing globalCOAL’s INDO contracts, we look forward to continuing growth in participation from players in Indonesia and elsewhere in Asia.”
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