ABM Investama Subsidiary Cipta Kridatama Secured a US$ 300 Million Mining Contract with PT Riau Baraharum

Jakarta, March 5, 2012 – PT Cipta Kridatama, a subsidiary of PT ABM Investama Tbk. (IDX: ABMM) that operates in mining contractor service just signed a new contract with PT Riau Baraharum with value of around US$ 300 million. PT Riau Baraharum is a subsidiary of PT Permata Energy Resources, which had obtained legal mining license (PKP2B) and other licenses including a forest-lending permit in Indragiri Hulu and Indragiri Hilir regency, Riau province.
 
With the contract signing, Cipta Kridatama will provide mining contract services to PT Riau Baraharum for the next five years with scope of work including land clearing, overburden removal, and heavy machinery rentals.