Jakarta, Indonesia (ots)
- Purchase of Indonesian Coal concession
is an important step for Mercuria in the development and growth of
its Asian and Global coal business.
- Major strategic step for Mercuria in the growth of its global
- Mercuria makes strategic investment in Indonesia.
- Large Coal concession with excellent logistics both road and
- Mercuria consolidates its existing trading and logistics
- Valuable growth platform for Mercuria in Asia, with global
Mercuria Energy Group Ltd. announces today the acquisition of a
coal concession in South East Kalimantan. The purchase of this brown
fields operation represents a strategic investment by Mercuria to
create an additional growth platform for its coal trading activities.
The concession covers an area of 6000 hectares in SE Kalimantan,
of which 2500 hectares are currently being exploited. First
geological due diligence promises exceptional further development in
terms of resources available but not yet extracted.
"The acquisition of this existing facility continues the build out
of Mercuria's international coal strategy. It will bring investment
to the Indonesian and regional markets and further strengthen
Mercuria's coal trading capability for its global client base."
Quote: Paul Chivers, Mercuria Chief Investment officer
The concession is strategically equipped with a haul road and a
barge loading facility. These amenities will ensure fast and
efficient coal transportation in the region and abroad. Current plans
are to develop this operation into a 2 million ton per annum exporter
of its own good quality bituminous coal.
"Mercuria Energy Group has again shown its commitment to invest
and further develop its energy and coal strategy in Asia by
successfully acquiring its first Indonesian coal facility. This
investment will consolidate its existing trading and logistics
platform and strengthen its ability to create value."
Quote: Geoff Kelly, Mercuria, Global Head of Coal Assets
About Mercuria Energy Group Ltd.
Mercuria is a privately-owned international group of companies
active over a wide spectrum of global energy markets including crude
oil and refined petroleum products, natural gas (including LNG),
power, coal, biodiesel, vegetable oils and carbon emissions. It is
one of the world's five largest independent energy traders and has a
longstanding sector expertise. Mercuria's worldwide operations are
carried out from 28 offices across five continents.
ots Originaltext: Mercuria Energy Trading S.A.
Patrick Prendergast, Communications Director
Paul Chivers, Chief Investment Officer
Guillaume Vermersch, Chief Financial Officer