ABM secures US$225 million contract
Wednesday, March 20 2013 - 01:59 AM WIB
IDX-listed PT ABM Investama Tbk through its subsidiary company in mining contractor service, PT Cipta Kridatama (CK), signed a five-year contract worth of US$ 225 million with coal mining firm PT Realita Jaya Mandiri (RJM).
The coal mining contract in Musi Banyuasin, South Sumatera, was recently signed by President Director of CK Boedi Santoso, President Director of RJM Arif Syaifuddin and Director of RJM Agustinus Harmasi.
Under the contract period in effect until 2018, CK would provide services such as overburden removal and heavy equipment rental in the Musi Banyuasin concession area.
RJM operates mining sites in which the majority of the produced coal is supplied to Steam Power Plants (PLTU) in Banten.
?We highly appreciate this opportunity to cooperate with RJM. This is not only an appreciation for the company?s commitment to operate in a responsible manner hut also an encouragement for CK to continue to maintain the quality of the company. The initiative and breakthrough we undertake will eventually serve to maximize the performance and advantage of our partners.? Boedi said in the statement on Tuesday.
President Director of ABM Investama Andi Djajanegara said ?This new contract with RJM will add and expand CK and ABM?s operational reach to Sumatra to support and carry forward diversification in CK?s operational locations. which are currently concentrated in Kalimantan.?
Editing by Adianto P. Simamora