Mandiri Sekuritas Berau Coal’s sales contract 2010 amounts to US$1bn

In 2010, Berau Coal (BRAU) has coal sales contract amounting to 17mn tons with average selling price of US$60/ton. However, the company puts concern on rainy season that may affect their ability to fulfill the contract. The company expects to reach production capacity of 30mn tons by 2014. To achieve that, it allocates capex of US$240mn during 2010-2014