88ֳ

INTERNATIONAL COAL NEWS

Clough lands Indo contract

CLOUGH subsidiary PT Petrosea has signed a $US250 million contract to mine the Santan Batubara co...

Angie Tomlinson

This article is 16 years old. Images might not display.

88ֳ

The concession is owned by PT Santan Batubara, a 50:50 joint venture between Clough’s 82%-owned PT Petrosea and PT Harum Energy Indonesia.

The five-year contract is for the overburden removal, coal recovery and loading at Santan’s Separi mine.

The contract is the latest in a line of Clough contracts in Indonesia, with the contractor also announcing in October that Petrosea had signed a $US300 million, five-year contract extension for overburden stripping for PT Gunungbayan Pratamacoal.

A subsidiary for Bayan Resources, PT Gunungbayan Pratamacoal first awarded Petrosea the contract in 1999 and at the time it was the company’s largest contract.

Clough was trading up 5% at 31.5c mid-afternoon today.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the 88ֳ Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the 88ֳ Intelligence team.

editions

Mining Magazine Intelligence: Future Fleets Report 2025

MMI Future Fleets Report 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.