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  Antara 24 Nov 06
Indonesian company gets contract from Singaporean firms to supply reclamation work

Jakarta (ANTARA News) - Publicly-listed PT Mitra Investindo (MITI) has signed a preliminary contract with Singapore`s Koon Zinkcon Pte. Ltd. and Jurong & Tuas Rock Contractors Joint Venture for the supply of marine rock to the two multinational companies, a spokesperson said.

The two contracts to provide Semakau and Jurong Tusa Reclamation Phase 4 projects with the building material for 2007 were valued at almost Rp100 billion (US$10 million), MITI president director Diah Pertiwi Gandhi said here Thursday.

She said the corporate still had a chance of securing more contracts as the two projects would likely be completed in 2008.

The two Singaporean companies will be handling development projects in the island republic until 2015.

MITI had been exploring the possibility of providing a local mining company in South Kalimantan with filter stone and aggregate, she said adding that the corporate also had secured contracts to supply material for infrastructure projects in Batam, Riau Islands, and Pekanbaru.

MITI is planning to build a rotary and jaw crusher with a capacity of about 300,000 tons per month beginning next January. PT Mitra Investindo, formerly known as PT Siwani Trimitra is mainly engaged in investment development and provision of consulting services, except for legal consulting.

Its other activities include factoring, leasing and consumer financing. Most of the company`s operations are carried out in Indonesia.
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