Peabody’s Jakarta office will be led by Reynard Hanoppo, who joins Peabody after more than a decade of managing sales for PT Kideco Jaya Agung, a coal producer in Indonesia.
Gregory Boyce, chairman and CEO of Peabody, said: “Indonesia is the world’s largest source of export thermal coal. The company’s presence in Jakarta expands our ability to serve India, China and other key Asian markets.
“The Pacific markets are driving global demand for coal and are expected to achieve 5 to 10% compound annual growth over the next five or more years.”
Peabody serves nearly 330 customers in 21 nations and has trading and business offices in China, Australia, the UK, Venezuela, Singapore, Indonesia and the US. Peabody Energy is a private-sector coal company.
