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PT ABM Investama's subsidiary obtained a contract worth Rp 8 trillion

09 December 2019 14:30

JAKARTA. PT ABM Investama Tbk. (ABMM), a mining company, received a cooperation contract with PT Binuang Mitra Bersama Blok Dua (BMB) worth Rp 8 trillion through its subsidiary, PT Cipta Kridatama (CK).

The contract, which was signed on 5 December 2019, will be valid throughout the life of mine. Managing Director at CK, Feriwan Sinatra said the latest cooperation agreement between CK and BMB is proof that CK can grow together with its business partners.

Furthermore, Feriwan said CK's performance always improved with operational excellence, which help them to get a positive appreciation from all partners. "The confidence is certainly a motivation for CK to continue to maintain and develop its performance," he said recently.

BMB's mine is located in the Bungur District and Salam Babaris District, Tapin Regency, South Kalimantan. According to the cooperation contract, CK will assist in the mining process. 

The company targets CK's average overburden removal every year to reach 30 million bank cubic meters. That way, BMB's average production of coal can reach 7.9 million tons per year. (AM/AR)

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