On March 19, Indonesia's Multi Harapan Utama (MHU), a coal mining company under the MMS Group, reached an agreement with China's Shaanxi Coal Supply Chain Management Co Ltd (ShaanMei) to buy and sell coal for the entire year of 2024, supplying ShaanMei with 1.5 million metric tons of coal.
MHU is an Indonesian coal mining company and ShaanMei is one of China's largest coal importers," said Saly Putra, Director of Marketing at MHU. "China is one of the world's largest coal markets, and this partnership gives us a great opportunity to increase our exports and strengthen our position in the global market, which is in line with our vision to become Indonesia's leading coal producer. This is in line with our vision to become Indonesia's leading coal producer. He went on to state that in addition, MHU has reached the company's sales target over the past few years.
In 2022, the company successfully entered the Chinese market and became one of the top three coal exporters through the cooperation between the Indonesian Coal Mining Association (APBI) and the China Coal Transportation and Distribution Association (CCTDA), which the government facilitated. And Li Ce, president of ShaanMei, welcomed the partnership. He believes that MHU can be a reliable partner and also believes that this cooperation will bring significant benefits to both parties. This cooperation marks MHU's innovative step on the global stage and strengthens the bilateral trade ties between Indonesia and China.
In addition, it also opens a new chapter of cooperation between the two companies and is expected to contribute positively to the development of the coal industry in both Indonesia and China.MHU Corporation has set its positive vision to increase its export volume to China, which reflects its commitment to job creation to drive growth and sustainable business growth in harmony with the welfare of Indonesian society.
Li also welcomed the synergy. "We are confident that MHU can be a reliable partner and believe that this cooperation will bring significant benefits to both parties," he said, hoping that the cooperation will yield far-reaching results.MHU has expressed a positive vision to increase export volumes to China, reflecting their commitment to job creation to encourage growth and sustainable business growth in harmony with Indonesian social welfare improvement and sustainable business growth.