PPA secures coal mining contract with Bayan's subsidiary

By Tri Subhki R

Mining services firm PT Putra Perkasa Abadi (PPA), through its subsidiary PT Antareja Mahada Makmur (AMM), has recently obtained a six-year mining contract from PT Perkasa Inakakerta (PIK), a subsidiary of the Bayan Group.

Operations at the PIK coal mine, located in Kutai Timur Regency, East Kalimantan Province, commenced in early February.

Djoko Purwanto, the Operation Division Head of PPA, announced to petromindo.com on Friday: "The contract spans six years. For 2024, our target is the removal of 16 million bank cubic meters (bcm) of overburden (OB) and the production of 2 million tons of coal. In 2025, we aim to increase the OB removal to 30 million bcm."

Read also : PPA targets higher OB removal volume, eyes new contracts

This year, PPA is planning to ramp up its OB removal volume to 450 million bcm and expects to extract 78-80 million tonnes of coal. These figures surpass the company's 2023 production of 400 million bcm in OB removal and 70 million tons of coal.

Currently, PPA provides mining services at 13 sites, including the nickel mine of PT Makmur Lestari Primatama in North Konawe, Southeast Sulawesi Province.

Editing by Reiner Simanjuntak

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