Elegant Group’s power & energy venture – PT. ARKCO GLOBAL ENERGI, an Indonesia based coal & minerals supplier company is focused on supplying coal to end users in rest of the world from Indonesia. Coal Supply is the latest addition to Elegant Group’s trading portfolio.

Indonesia is one of the world’s largest producers and exporters of coal. Since 2005, when it overtook Australia, the country is leading exporter in thermal coal. A significant portion of this exported thermal coal consists of a medium-quality type (between 5100 and 6100 cal/gram) and a low-quality type (below 5100 cal/gram) for which large demand comes from China and India. According to information presented by the Indonesian Ministry of Energy, Indonesian coal reserves are estimated to last around 83 years if the current rate of production is to be continued. Regarding global coal reserves, Indonesia currently ranks 10th, containing roughly 3.1 percent of total proven global coal reserves according to the most recent BP Statistical Review of World Energy. Around 60 percent of Indonesia’s total coal reserves consists of the cheaper lower quality (sub-bituminous) coal that contains less than 6100 cal/gram.

The venture has started in mid 2018 and has enjoyed fast success. Pt. Arcko Global Energi’s strategy is to leverage Elegant Group’s core strength by selling primary to clinker manufacturers. Coal is used for power generation in clinkerization plants & captive power plants within the cement industry.

Strong, strategic partnerships with multinationals and miners have allowed Elegant Group’s PT. Arkco Global Energi Company to competitively supply coal to end-buyers.