JAKARTA (Yosefardi) – Coal producer PT Mitrabara Adiperdana Tbk (MBAP), through its subsidiary PT Baradinamika Mudasukses, joins force with state construction firm PT PP Tbk (PTPP) to build port facility infrastructure.
The facility to be built are CHF 5 MTPA and Jetty 3, which cost Rp123.3 billion.
MBAP has raised Rp300 billion from the initial public offering (IPO) of 273 million shares, or 22% of its total shares, launched in July 2014.
For this year, MBAP targets to produce 2.5 million tons of coal this year, and 4 million tons in 2015 and 2016.
MBAP is subsidiary of PT Baramulti Sugih Sentosa Group. MBAP has coal concession area in Malinau, North Kalimantan.