Release

Mining Contractor Cipta Kridatama Obtains New Contract With

Borneo Indobara

Jakarta, October 25, 2021, mining contractor PT Cipta Kridatama (CK) which is a subsidiary of PT ABM Investama Tbk. (IDX: ABMM) obtains its newest mining contract with PT Borneo Indobara (BIB) which is a subsidiary of PT Golden Energy Mines Tbk (GEMS). The signing of the cooperation contract between CK and BIB has a duration of up to 2025.

CK President Director Feriwan Sinatra is very optimistic that this collaboration can bring CK's business to grow in the future. “This contract is a continuation of the excellent cooperation between the ABM Group and GEMS since the project at PT Kuansing Inti Makmur, PT Karya Cemerlang Persada, PT Bungo Bara Utama, and PT Bungo Bara Makmur (KIM Group). With this collaboration, it will further enhance CK's sustainable business towards becoming a world class mining contractor, explained Feriwan.

BIB's mining site is located in Tanah Bumbu Regency, South Kalimantan Province. Under the cooperation contract, CK will conduct mining for overburden removal with a total production of 84 million BCM until December 2025.

Feriwan also added that the BIB project location is close to the CK project site at PT Tunas Inti Abadi so that they can support each other. "Nearby mining locations and supported by the implementation of the Mining Value Chain with synergies from ABM's subsidiaries, CK will continue to run excellence operations and provide the best results for all partners." added Feriwan.

CK is a mining contractor company, a subsidiary of ABM, a strategic investment company in the field of energy resources, energy services, and infrastructure which is still part of the PT Tiara Marga Trakindo business group. CK was established on April 8, 1997 and has grown rapidly into a mining services company by working on various coal mines owned by a number of mining businesses. Its positive contribution has positioned CK to become one of the leading national mining service providers with experienced professional workers in their fields, supported by international standard heavy equipment units, and implementing an integrated modern technology system from upstream to downstream.

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