Jakarta. PT Petrosea Tbk hereby announces that on 30 July 2024, the company signed a contractor and vendor management term sheet with PT Bumi Barito Mineral (BBM) which is a holder of a metallurgical coal Production Operation Mining Business License (IUP OP) located at Sumber Barito and Seribu Riam District, Murung Raya Regency, Central Kalimantan Province.

BBM is a subsidiary of COKAL LTD, a publicly listed company on the Australian Stock Exchange that focuses on coking / metallurgical coal.

Based on the term sheet, Petrosea will provide support in order to ensure that the production process is conducted accordingly and sustainably. 

“The signing of this term sheet is a form of Petrosea’s expansion into Central Kalimantan, strengthening the company’s future sustainability, as well as diversifying the client base and mineral base managed by the company,” said Iman Darus Hikhman, Mining and Mine Services Director of PT Petrosea Tbk. 

Petrosea offers a variety of services for the coal and mineral mining sectors which includes pit-to-port services, such as open pit contract mining services, civil & infrastructure construction, mining project management services, technical & feasibility study consulting services, mine planning & optimization services, as well as its Minerva Digital Platform solution that leverages the latest digital technologies to increase efficiency and productivity. Petrosea also has the capability to monitor and control operational activities at multiple sites by utilizing real-time data through its Remote Operations Center which is located at the company’s headquarters. 

All of Petrosea’s operational and financial performance targets are supported by a strong Safety, Health & Environment (SHE) culture through the implementation of target zero accident, operational excellence, and continuous improvement, as well as risk management and good corporate governance.