JAKARTA (Yosefardi) – Integrated energy company PT ABM Investama Tbk (ABMM), through its unit PT Cipta Kridatama, had signed contracts worth US$206 millions for two mine pits for 5 years term with PT Multi Harapan Utama.
Multi Harapan is a coal producer that has coal contract of work (PKP2B).
ABMM has earlier secured US$35 million of revolving loan from Standard Chartered Bank to support its operational activities.
The company has so far bagged a number of loans from three large banks – US$223 million from DBS Bank, US$115million from ANZ and US$34.2 million and Rp1.3 trillion from Bank Mandiri.