Australian contractor Macmahon has been selected by PT Masmindo Dwi Area, a subsidiary of PT Indika Energy, for mining services at the Awak Mas gold project in South Sulawesi, Indonesia. The scope of service includes open-cut mining activities and mine site development. The seven-year contract, with an option to extend for a further five years, is expected to commence in…
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Indika divesting Petrosea arm
Indonesian energy company Indika Energy confirmed it is selling its controlling interest in its coal mining business, Petrosea, for A$146.6 million, so it may use the raised capital to expand a new business endeavour. Read the full article from The Asia Miner.
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