Indonesia`s Merukh wins US$3 bln Swiss contract to supply coal

Antara News, Monday, March 22, 2010 17:36 WIB

Jakarta (ANTARA News/Asia Pulse) - Indonesia\'s PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International.

Company chief commissioner Jusuf Merukh said Merukh Enterprises will supply 30 million tons of coal valued at around US$3 billion to the Swiss trading company every year.

He said his company has secured a loan pledge of US$600 million to develop the Batu Licin coal concession.

Source:
Business in Asia Today - March.22, 2010
published by Asia Pulse