Monday, August 24, 2009

Petrosea get US$200 million mining contract

PT Petrosea Tbk have signed 5 years contract worts estimated US$200 million at Sanga-Sanga, Kalimantan. The new contract with PT Baratama is set to commence in Auguts this year with scope of work to load and haul 14 million tonnes of coal and 126 bcm million bcm overburden materials over the five years contract.
CEO Petrosea Micky Hehuwat said securing the contract builds very solid base over the next five years. Petrosea commit to invest US$44 million in new plant over the next five years as well as utilizing plant and equipment coming free from the projects

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