Perth (ANTARA News/Asia Pulse) - Clough Ltd's (ASX:CLO) Indonesian subsidiary has signed a US$250 million (A$376.9 million) five-year contract to mine the Santan Batubara coal project in East Kalimantan.
The concession is owned by PT Santan Batubara, an equal joint venture between Clough's 82 per cent owned Indonesian subsidiary, PT Petrosea (JSX: PTRO), and PT Harum Energy Indonesia.
Clough, an engineering, procurement and construction services group, said the contract was for overburden removal, coal recovery and loading at PT Santan's Separi mine site in East Kalimantan.
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