April 30, 2017 11:47 AM ET

Construction and Engineering

Company Overview of PT Cipta Kridatama

Company Overview

PT Cipta Kridatama provides coal mining contractual services, including engineering and project management, survey and exploration, modeling (topography and geology), mine design, drilling and blasting, overburden removal, mine extraction, transportation, supporting facilities construction, storage and processing facilities management, and mine rehabilitation. The company also provides construction services, including earthworks and site preparation, roads and bridges, mine camp and mine facilities, and concrete works. It serves mining, oil and gas, geothermal, industrial plant, and general infrastructure industries. The company was founded in 1997 and is based in Jakarta, Indonesia with an ...

Gedung TMT 2

3rd Floor

Jl. Cilandak KKO, No. 1

Jakarta,  12560

Indonesia

Founded in 1997

Phone:

62 21 2997 6866

Fax:

62 21 2997 6867

Key Executives for PT Cipta Kridatama

President Director and Chief Executive Officer
Age: 51
General Manager of Finance
Age: 53
General Manager of Operations
General Manager of Human Capital
General Manager of Engineering and Technology
Compensation as of Fiscal Year 2016.

PT Cipta Kridatama Key Developments

PT Rinjani Kartanegara Enters into an Agreement with PT Cipta Kridatama

The board of directors of Resources Prima Group Limited announced that PT Rinjani Kartanegara has entered into an agreement with its waste mining contractor, PT Cipta Kridatama ("CK"), which provides for a further reduction of the waste mining rate charged by CK as well as an additional debt settlement repayment. PT Rinjani and CK have agreed a reduction in the waste mining rate from $2.00 per bank cubic metre to $1.80 per bcm with effect from July 14, 2016, the date on which the second borrow-use permit for an area covering 897.56 hectares was awarded to PT Rinjani. Assuming an average stripping ratio of 8.0, equivalent to PT Rinjani's average stripping ratio for the six-month period ended 30 June 2016, the impact of the reduced waste mining rate could be a potential operating cost saving (excluding value-added tax) of approximately $1.60 per tonne of coal produced.

PT Cipta Kridatama Secures USD 396 Million Coal Mining Service Contract

PT Cipta Kridatama (CK) secured a new contract for coal mining services worth USD 396 million. The working contract between CK and PT Adimitra Baratama Nusantara (ABN), a subsidiary of PT Toba Bara Sejahtera Tbk, is valid for five years until 2020. The working contract between the two companies was signed by Cipta Kridatama President Director Irfan Setiaputra and Adimitra Baratama Nusantara President Director Hamid Awaludin in Jakarta on May 29, 2015. In the agreement, CK will provide mining services such as overburden removal and heavy equipment rental at the ABN mining site in Sanga-Sanga, East Kalimantan. Throughout the contract period, CK is expected to produce up to 263 million bcm in overburden and ground cover removal. This new CK contract with ABN will reinforce the company's business portfolio in the mining service sector. CK had previously secured a new USD 58.8 million coal mining service contract from PT Mitrabara Adiperdana Tbk, which is part of the Baramulti Group. In addition to the coal business, CK also attained a USD 187 million iron ore mining service contract from PT Adidaya Tangguh.

PT Cipta Kridatama Secures Another Coal Mining Contract Worth $58.8 Million

PT Cipta Kridatama secured another new coal mining contract worth at approximately $58.8 million from PT Mitrabara Adiperdana Tbk. Based on the contract, CK will provide mining services such as overburden removal, coal hauling from pit to ROM and heavy equipment rental in MBAP mining field located in Malinau, North Kalimantan. During the tree years of contract, CK is targeted to be able produce 30 million bcm overburden removal. 5,400 GAR coal production from 1,930 mining area is targeted to reach at least two million tons per year.

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