Petrosea (PTRO) Secures Mining Services Contract Worth US$ 230 Million

COAL - JAKARTA. PT Petrosea Tbk (PTRO) has signed a term sheet for a mining service agreement with PT Global Bara Mandiri, valued at US$ 230 million, for eight years. 

Petrosea's Mining Director, Iman Darus Hikhman, explained that the mining service agreement with PT Global Bara Mandiri could be extended into a life-of-mine contract.