Considering the average Indonesian Coal Index (ICI) 4,200 GAR price stood at US$58.05 per tonne as at Dec 15, Geo Energy says the premium on its maiden shipment sold is an indication of favourable demand for coal from PT Triaryani.
Geo Energy Resources (SGX:RE4
) has announced the completion of its first export shipment of coal from the recently acquired PT Triaryani mine, sold at a premium to Trafigura Asia Trading on Dec 22.
The shipment of 55,000 tonnes of coal was valued at around US$3.2 million ($4.2 million) based on the average selling price of approximately US$58.98 per tonne.
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