CIBT to build two more stockpiles with capacity of 250,000 tons
Friday, February 10 2012 - 03:43 AM WIB
Coal terminal, PT Cigading International Bulk Terminal (CIBT) said that the company would add two units of stockpile with the capacity of 250,000 tons in 2014 to meet the increasing demand for coal transported from Sumatra, CIBT's chief operating officer Norlent Pasaribu said.
?We have discussed the plan with Krakatau Bandar Samudera. They seemed to agree with the plan,? he told Petromindo.com, adding that the company would also add two units of cranes to speed up the loading of coal into the stockpile.
PT Cigading International Bulk Terminal (CIBT), which commenced its first operation in April 2011, on 13th July 2007 had secured the exclusive rights from PT Krakatau Bandar Samudera to develop, run and operate the coal terminal for the loading, stockpiling and discharging of coal for export at the Cigading Port for the period of 32 years.
The company is a 95% subsidiary of Sinomast Metacorp (Labuan) Ltd; a 50:50 joint-venture company between Metacorp Berhad (Metacorp) and Indonesia?s PT. Bintang Sinomast Limited. Metacorp inturn, a subsidiary of Malaysia?s conglomerate MTD Capital Berhad, is engaged among others in building and highway constructions, toll management, manufacturing of construction materials, property development, energy and waste management.
Editing by Adianto P. Simamora