JAKARTA (Indonesia Today) – PT Ancora Indonesia Resources Tbk (OKAS) has secured contract for ammonium nitrate sale worth US$200 million, Investor Daily reported this morning.
The contracts are awarded by 3 coal miners; PT Adaro Energy Tbk (ADRO), PT Pamapersada Nusantara, and PT Asmin Koalindo Tuhup (AKT).
Dharma Djojonegoro, OKAS’ president director, said the company targets revenue to grow 10% to Rp1.34 trillion this year, compared ??to Rp1.19 trillion last year.
He added the company also plans to transfer US$25 million debt from Standard Bank Plc to Indies Investment Pte Ltd in November 2012, aiming to cut interest by 1%. (hans@theindonesiatoday.com)