PTRO Secures Rp9.3 Trillion Coal Mining Contracts

PT Petrosea Tbk (PTRO) has obtained two new coal mining service contracts with an estimated total value of around Rp9.3 trillion. The contracts were awarded by PT Pesona Bara Cakrawala (PBC) and PT Cakrawala Bara Persada (CBP), which are indirect subsidiaries of PT Singaraja Putra Tbk (SINI). The mining service agreements were signed on Thursday, 23 July 2026, and cover the entire life of the mines. Under these new contracts, PTRO will act as the mining services contractor for two coal projects located in Kapuas Regency, Central Kalimantan. PTRO Corporate Secretary Anto Broto explained that the scope of work includes overburden removal, rock material fragmentation, and coal mining. The total estimated contract value is based on the Indonesian Coal Index (ICI) as of 23 July 2026. For the PBC project, which holds an IUP-OP in Kapuas Regency, PTRO will handle an estimated overburden volume of 189 million bank cubic metres and coal production of 42 million tonnes, with the contract valued at approximately Rp7.7 trillion. SINI projects total revenue of up to US$2.6 billion, or around Rp45.6 trillion, over the life of the PBC contract, with the coal produced having a GAR calorific value of 4,200. The contract from CBP, which also holds an IUP-OP in Kapuas Regency, is valued at Rp1.6 trillion.