Adaro 'best coal company'

Adaro 'best coal company'

JAKARTA (JP): Coal mining company PT Adaro Indonesia in South
Kalimantan was named on Monday the "Best Coal Company in 1999" at
the prestigious Financial Times Energy Awards in New York.

The company said in a statement it won the award thanks to its
efficient operation, innovative marketing, commitment to
environmental and social responsibilities, particularly community
development.

Adaro produces clean sub-bituminous coal internationally known
as Envirocoal.

It has planned to produce 14.2 million tons this year, up from
11.24 million tons last year.

The company is owned by New Hope Corporation (50 percent),
Edison Mission Energy (10 percent) and PT Asminco Bara Utama (40
percent), a subsidiary of the Swabhara Group. (jsk)