SYDNEY (Indonesia Today) – ASX-listed Orpheus Energy Ltd has secured coal trading license from Indonesian ministry of energy and mineral resources.
“The coal trading license provides Orpheus with a new potential profit center as it enables the company to not only sell its own coal, but also production from other miners,” the company said this morning.
Targeting power stations and trading groups from India, South China, and Thailand, Orpheus plans to ramp up its current trading volume of around 30,000 tons per month to several hundred thousand tones per month over the coming year.