PT Pamapersada to develop coal mines
Jakarta (ANTARA News/Asia Pulse) - PT Pamapersada Nusantara said it has won a contract worth US$1 billion to develop coal mines for PT Jembayan Muarabara.
The subsidiary of heavy equipment company PT United Tractors (JSX:UNTR) will help in digging and removing soil in a coal mine with an estimated capacity to produce 10 million tons of coal a year.
The contract is an extension of a previous contract for another five years, United Tractors President Djoko Pranoto said. Pamapersada is the largest contractor in coal mining development and has been the main contributor to the income of United Tractors.
Last year, United Tractors reported sales in worth Rp18.2 trillion (US$1.983 billion) with contribution from the contracting division accounting for 43 per cent.
The subsidiary of heavy equipment company PT United Tractors (JSX:UNTR) will help in digging and removing soil in a coal mine with an estimated capacity to produce 10 million tons of coal a year.
The contract is an extension of a previous contract for another five years, United Tractors President Djoko Pranoto said. Pamapersada is the largest contractor in coal mining development and has been the main contributor to the income of United Tractors.
Last year, United Tractors reported sales in worth Rp18.2 trillion (US$1.983 billion) with contribution from the contracting division accounting for 43 per cent.