PT Multi Harapan Utama (MHU), a business unit of MMS Group Indonesia (MMSGI), has agreed on a coal sale and purchase cooperation with Shaanxi Shaanmei Supply Chain Management Co., Ltd. (SHAANMEI). The agreement was marked by a Memorandum of Understanding (MoU) signing at Shangri-La Hotel, Central Jakarta, represented by Saly Putra from MHU and Li Ce from SHAANMEI.

The MoU signifies the commitment of both parties to establish coal buying and selling cooperation throughout 2024. MHU, a coal mining company operating in East Kalimantan, will supply 1.5 million metric tons (MT) to SHAANMEI, one of the largest coal importers in China.

"The Chinese market is one of the largest coal markets in the world, and this cooperation opens up great opportunities for MHU to increase export volumes and strengthen our position in the global market, in line with MHU's vision to become a progressive and leading coal producer in Indonesia," said MHU Marketing Division Head Saly Putra in a written statement, Thursday (3/21/2024).

Saly Putra explained that MHU has achieved the company's sales targets in recent years. In 2022, MHU penetrated the Chinese market and became one of the top three coal exporters through the cooperation of the Indonesian Coal Mining Association (APBI) and the China Coal Transportation and Distribution Association (CCTDA) facilitated by the government.

"The MoU signing is a clear proof of MHU's trust and credibility in the international market, especially in China," he said.

SHAANMEI President Director Li Ce welcomed this synergy. He believes MHU can be a reliable partner and is confident that this collaboration will provide significant benefits for both parties.

The partnership not only signifies MHU's innovative strides in the global arena but also strengthens bilateral trade ties between Indonesia and China, with projected significant contributions to both countries' economies.

MHU has set its positive vision to expand its export volume to China, which reflects its commitment to job creation to drive sustainable business improvement and growth in harmony with social welfare in Indonesia.

Image source: ANTARA FOTO / NOVA WAHYUDI
Source: https://finance.detik.com/energi/d-7252950/perusahaan-ri-mau-pasok-1-5-juta-mt-batu-bara-ke-china