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Business Updates
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January 28, 2013 – Media Djaya Bersama (MDB), parent company of Aceh-based coal
producers Bara Energi Lestari and MIFA Bersaudara signed coal sales contract with cement
producer PT. Lafarge Cement Indonesia (Lafarge), amounting maximum of 255,000 metric tons.
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March 14, 2013 – Reswara, coal holding company of ABM group, signed a term loan with total
maximum amount of US$150 million from Qatar National Bank (QNB), PT Bank QNB Kesawan
Tbk (QNBK) and Indonesian Export Financing Institution (Indonesia Eximbank).
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March 18, 2013 – Mining contractor Cipta Kridatama (CK) signed a five-year mining service
contract with Realita Jaya Mandiri (RJM), a South Sumatra-based IUP (Mining Authorization)
contract holder, amounted about US$ 225 million. RJM operates a coal mine in Musi Banyuasin,
South Sumatera.
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June 12, 2013 – Mining contractor CK signed a five-year mining service contract with Kaltim
Jaya Bara (KJB) worth about US$ 428 million; An IUP (Mining Authorization) holder, KJB’s coal
mine concession is located in Berau, East Kalimantan.
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September 9, 2013 – Mining contractor CK signed a five year-mining service contract with Multi
Harapan Utama (MHU) for US$ 206 million. The contract has an option for CK to do its services
until the expiration of the life of mine. MHU is a 1
st
generation Coal Contract of Work (CCOW)
holder with mine concession area in East Kalimantan.
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