PTRO Secures Rp9.3 Trillion Coal Mining Contracts

PT Petrosea Tbk (PTRO) has obtained two new coal mining service contracts with an estimated value of approximately Rp9.3 trillion. The contracts come from 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 between PTRO, PBC, and CBP were signed on Thursday, 23 July 2026. Both contracts have a work period spanning the life of mine.

With these new contracts, PTRO will act as a mining services contractor for two coal projects located in Kapuas Regency, Central Kalimantan.

PTRO Corporate Secretary Anto Broto explained that the scope of work under the contracts includes a number of key mining activities.

“The company will act as a mining services contractor with a scope of work that includes overburden removal, rock material fragmentation, and coal mining,” Anto Broto stated in an official release on Thursday, 23 July 2026.

The total estimated contract value for PTRO is based on the Indonesian Coal Index (ICI) as of 23 July 2026.

One of the contracts obtained by PTRO comes from the PBC mining project. The company holds an Operation Production Mining Business Permit (IUP-OP) in Kapuas Regency, Central Kalimantan.

For the PBC project, PTRO will handle mining work with an estimated overburden production volume of 189 million bank cubic metres (BCM).

Meanwhile, estimated coal production from the project reaches 42 million tonnes. The value of the mining services contract obtained by PTRO from PBC is estimated at Rp7.7 trillion.

From the PBC mining project, SINI projects total revenue of up to US$2.6 billion, or approximately Rp45.6 trillion, over the life of the contract. Coal produced from the project has a calorific value of GAR 4200.

In addition to PBC, PTRO also secured a mining services contract from CBP. The company also holds an IUP-OP in Kapuas Regency, Central Kalimantan.

The contract value from CBP is estimated at Rp1.6 trillion.