PT Adaro Indonesia Joins globalCOAL
LONDON AND SINGAPORE - 07 April 2009
globalCOAL announced today that PT Adaro Indonesia has joined the globalCOAL online trading platform as Market Member.
"We are extremely pleased to welcome PT Adaro Indonesia to the globalCOAL membership", said Patrick Markey of globalCOAL. "As one of the earliest developers of the Indonesian coal industry, they truly represent another significant step forward in globalCOAL's penetration of the Asian market."
Indonesia continues to be a major focus for globalCOAL, who is currently revising and expanding the suite of Indonesian coal specifications within its SCoTA contract to effectively cover all export qualities. Meanwhile, the use of the gC NEWC Index continues to gain ground amongst Indonesian producers as the basis of index-linked contracts and for price benchmarking.
PT Adaro Indonesia is the country's second-largest coal miner, with a concession to mine coal in the Tanjung district of South Kalimantan until 2022. The coal is exceptionally clean with 1.5% ash, 0.1% sulphur and low nitrogen and has been trademarked internationally as 'Envirocoal'. Envirocoal is widely used in power plants and industrial plants throughout Europe, Asia and the Americas.
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