Indonesian mining giant starts exporting coal to Europe

Coal mining giant PT Adaro Energy Indonesia said Monday that it has started to export coal to European buyers as the continent is currently experiencing disruptions in coal supplies.

"We have sent around 300,000 tons of coal to the Netherlands and Spain. However, that is an on-the-spot purchasing, not for a long-term contract," the company's Finance Director Luckman Lie told a press conference.

Lie said that although Adaro has been open to demands from European buyers, the company would still prioritize the Asian market and its largest buyers like China, Japan, South Korea and Malaysia.