Petrosea lands two more Pakar mine contracts

CLOUGH'S Indonesian subsidiary, PT Petrosea Tbk, has been awarded two long-term contracts worth $US197 million with PT Ilthabi Bara Utama (IBU), for product coal hauling services from the Pakar Coal Mine Project in central East Kalimantan to the river port.
Petrosea lands two more Pakar mine contracts Petrosea lands two more Pakar mine contracts Petrosea lands two more Pakar mine contracts Petrosea lands two more Pakar mine contracts Petrosea lands two more Pakar mine contracts

Gunungbayan Coal Project, East Kalimantan. Courtesy Clough.

Staff Reporter

Under the contract, Petrosea will also be responsible for all operations and maintenance of the mine and river port fixed facilities.

The Pakar mine is an opencut coal mine producing thermal coal at an initial rate of 5 million tonnes per annum for both export and domestic consumption.

The mine has proven and probable coal reserves of 274Mt and overall coal resources of about 3.3 billion tonnes.

Petrosea will work with IBU under an alliance contract format.

So far Petrosea has secured $US390 million worth of contracts for the Pakar Coal Mine.

The latest contract wins follow on from the awarding of a long-term alliance contract worth $US145 million for mining operations at the Pakar mine last week and the awarding of the initial mine development contract in July.

The initial contract is for five years, with mining expected to begin in March next year.

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