Peabody Energy Corp. (NYSE:BT& announced Friday that it has a deal with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asian export.
The coal from PT CEM will come over a period two years from a mine in East Kalimantan.
Export will be through Peabody COALTRADE's international trading hub in Singapore.
Peabody said the relationship with PT CEM could be expanded over time.
Peabody said this is the third agreement it reached recently to source Indonesian coal, including a deal inked in December with PT Supra Bara Energi in Indonesia, and together the deals total 5.5 million tons.
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Showing posts with label Indonesia. Show all posts
Showing posts with label Indonesia. Show all posts
Monday, February 28, 2011
Thursday, October 21, 2010
BP (NYSE:BP) Sells North Forties to PT Pertamina of Indonesia
BP (NYSE:BP) participated in two separate actions related to North Sea Forties crude, one in which they sold to shipments of oil to Indonesia’s state-run PT Pertamina, and the second, in which they acquired a cargo of crude from the region from Royal Dutch Shell Plc (NYSE:RDS-a).
The cargo from shell will be loaded on November 1 to November 3, which BP acquired at 65 cents below the Dated Brent benchmark.
PT Pertamina's two loads were from Africa, with a load from Qua Iboe of Nigeria, and one from Saharan Blend of Algeria.
Indonesia acquired 2 million barrels of Bonny Light grade earlier in October.
The cargo from shell will be loaded on November 1 to November 3, which BP acquired at 65 cents below the Dated Brent benchmark.
PT Pertamina's two loads were from Africa, with a load from Qua Iboe of Nigeria, and one from Saharan Blend of Algeria.
Indonesia acquired 2 million barrels of Bonny Light grade earlier in October.
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