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PT Petrosea Tbk signed a mining services contract with PT Singaraja Putra Tbk worth US$511.45 million for overburden removal and coal production in Kapuas, Central Kalimantan, lasting until 2032.
“The signing of the term sheet of this agreement is a concrete manifestation of Petrosea's business expansion which is starting to expand into the Central Kalimantan area.”idnfinancials.com
Summarized from public sources; check the original articles before acting on it.