Ancora?s unit bags $75m explosives order
Wednesday, May 23 2012 - 05:18 PM WIB
By Alexander Ginting
IDX-listed firm PT Ancora Indonesia Resources Tbk reported on Wednesday that its 50 percent-owned explosives maker subsidiary PT Multi Nitotama Kimia (MNK) has signed deal to supply ammonium nitrate to Indonesia?s top mining contractor PT. Pamapersada Nusantara.
Under the deal worth approximately US$75 million, MNK will supply ammonunium nitrate for three years. Other terms are not disclosed.