Petrosea obtains contract from Indoasia

Thursday, October 29 2015 - 05:28 AM WIB

By Romel S. Gurky

IDX-listed mining contractor PT Petrosea Tbk announced Thursday it had on October 16 signed an overburden (OB) removal contract with South Kalimantan coal mining firm PT Indoasia Cemerlang.

The company said in a statement that the 11-month contract is valued at about Rp 313.15 billion. It added that the OB removal work is scheduled to start in the fourth quarter of this year.

Editing by Reiner Simanjuntak

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