Release

Jakarta, 18 December 2020, Mining service contractor PT Cipta Kridatama (CK), which is a subsidiary of PT ABM Investama Tbk, has obtains its latest mining services cooperation contract with PT Energi Batubara Lestari (EBL), which is a subsidiary of Hasnur Group. The signing of the agreement for the CK and EBL mining services cooperation contract is worth Rp.661 billion.

CK President Director Feriwan Sinatra conveyed his optimism that the series of mining lifetime contract portfolios obtained would make CK's performance even better in the future. "With life of mine contracts, CK can be more mature in doing mine planning so that we are more optimistic to always achieve the target." explained Feriwan.

The EBL mining location is located in Pit Blok 3 Balimas, Lokpangel, Piani and Bungur Districts, Tapin District, South Kalimantan Province. In the cooperation agreement, CK will carry out mining for material transfer (overburden removal) and rental (rental) of heavy equipment for EBL operational needs in achieving the average overburden removal production target by CK of around 8 million BCM every year so that the total EBL coal production can be as much as 2 million tonnes per year.

Feriwan also added that the EBL project location is close to the Binuang Mitra Bersama (BMB) mine site so that they can support one another. "The mine is located close to and supported by the application of the Mining Value Chain with the synergy of the subsidiary PT ABM Investama Tbk, CK will continue to run superior operations and provide the best results for all partners. " added Feriwan.

CK is a mining contractor company, a subsidiary of PT ABM Investama Tbk, a strategic investment company in energy resources, energy services and infrastructure which is still part of the PT Tiara Marga Trakindo business group. CK was established on April 8, 1997 and has grown rapidly into a mining services company by working on various coal mining areas owned by a number of mining business players. Its positive contribution has made CK as one of the leading national mining service providers with experienced professional workers in their fields, supported by international standard heavy equipment units, and implementing a modern integrated technology system from upstream to downstream.