Indomining, RCI sign a $115m mining works deal
Monday, January 28 2013 - 08:54 AM WIB
Coal mining firm PT Indomining said that it has signed a five-year contract on mining works with RPP Contractors Indonesia (PT RCI).
Under US$115 million contract, RCI would cover land clearing, overburden removal, waste management, development and maintenance of overburden and water management on Indomining site in Sanga-sanga, Kutai Kartanegara, East Kalimantan
The contract was signed by Indomining's President Director Arthur Simatupang and Budiono Tanbun President Director of RCI in Jakarta.
Imdominig is subsidiary of IDX-listed PT Toba Bara Sejahtra Tbk.
"Our cooperation with PT RCI will run for five year term with estimated contract value of USD 115 million,? Arthur said in the statement on Monday
Editing by Adianto P. Simamora