COALspot.com - TTI has officially established its coal trading, marketing-office in Jakarta, Indonesia. PT. Gunung Tinggi Coal is the TTI’s first company established exclusively for coal trading & marketing.
TTI is part of Trada Group and PT. Gunung Tinggi Coal will enable Trada group to enter International coal industry and expand its coal activities in Indonesia and neighborhood countries, as well as explore more in the fields of coal mines investments and joint venturing operation.
Gunung Tinggi is also marketing coal produced by PT. Inti Tiga Berlian Mulia, South Kalimantan. Inti Tiga Berlian Mulia (ITBM) is a low calorific value coal producer in Tanah Bumbu regency is also part of Trada group.
“Indonesia as a largest coal exporter in the world today, we believe the Indonesia is a strategic location for coal industry,” Trada's Chairman, Ad Hanafiah said. "The set-up of a exclusive company for coal will bring Trada closer to its coal customers. Trada maritime will support us to offer our coal on CFR or CNF basis for specific end-users who are willing to enter term contract or off take agreement with us." he further added.
Ridwan Irawan, the president director of Gunung Tinggi Coal said, "We are currently discussing with strategic partners from India as well as from China to work together to expand our presence in India and China the world’s future economic giants . We may work with more than one strategic partners from India and China as India and China’s coal market is big."
Gunung Tinggi is planning to associate with the existing coal trading companies who are strong in India as well as in China to supply their own coal as well from third party coal.
Trada International (TI) is a holding company with majority interests in Trada Trading and Trada Maritime. The company's focus is the integrated trading, transportation and development of fossil fuels and chemicals within Indonesia and abroad.
Started in 1998 as a trader of methanol to clients throughout Asia Pacific and Australia, Trada Trading quickly expanded into crude, fuel and bunker oils, petrochemicals and fertilizers. In 2000, with the creation of Trada Maritime, TI entered the shipping business with the management of a maritime terminal in Sumatra. Today the company owns and operates floating storage and off-loading platforms (an activity in which it is the market leader), tankers, tugs and barges throughout Indonesia.
In 2011, Trada Petroleum Pte. Ltd. was established as a platform for Trada¹s initial participation in exploration and production business. (Trada International – www.trada.co.id & Gunung Tinggi www.ptgtcoal.com )
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