PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal contract worth US$100 million-US$108 million from Subhan Corporation Pvt Ltd, India.
The contract is signed by PT Tunas Inti Abadi, a subsidiary of Reswara Minergi. President Director Harry Asmar at Reswara Minergi said the contract is secured at US$50-US$54 per ton with 5,400-5,600 kcal.
"Tunas Inti has reached 45% of the sales target this year of 4.5 million tons," he said.
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