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ABM Investama obtained Rp 7.4 trillion from the Kim Group

18 February 2020 06:09

JAKARTA - PT Cipta Krida Tama, a subsidiary of PT ABM Investama Tbk (ABBM) obtained a mining work contract valued at Rp 7.4 trillion from the KIM Group, a subsidiary of PT Golden Energy Miness Tbk (GEMS), last week (14/2). This mining service contract acquisition will add to the company's revenue this year.

As quoted from the disclosure of company information, Monday (17/2), Rindra Donovan, Corporate Secretary of PT ABM Investama Tbk (ABBM) said the work contract for a mining project is located in Tanjung Belit Village, Jambi. "The project work contract is valid for a period in accordance with the age of the mine," he said.

The mining service contracting companies that are members of the KIM Group include PT Kuansing Inti Makmur, PT Karya Cemerlang Persada, PT Bungo Bara Utama, and PT Bungo Bara Makmur. The mining services provided at the KIM Group's mining sites include, material transfer, heavy equipment rental and coal transportation. (LK)

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