"We are optimistic the country`s coal mining industry would fully recover as Indonesian coal is now high in demand in international markets," Harry Asmar, the president of coal producing company PT Reswara , said in a news release made available to ANTARA news agency here on Friday.
PT Tunas Inti Abadi (TIA), a subsidiary of PT Reswara Minergi, has a signed with Avra Commodities a new contract for additional shipment of 18 million tons of coal over a 5-year period.
Coal product of PT TIA is high in demand in Asian market such as China, Thailand, Taiwan and the Philippines as the coal has specifications that suit the buyers, PT Avra Indonesia president Bob Kamandanu said.
Harry said he is confident Indonesia will remain competitive in coal market in the world.
Long term agreement with Avra Commodities is expected to contribute to expanding export market for thermal coal.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
