Petrindo Cooperates With Cokal Limited From Australia, Working On Coal Transportation Infrastructure

Illustration. (Photo: Unsplash)

JAKARTA - PT Petrindo Jaya Kreasi Tbk (Petrindo) signed a Memorandum of Understanding with Cokal Limited, a coal mining company publicly registered in ASX Australia.

This MoU marks a strategic partnership aimed at developing infrastructure and optimizing coal transportation in Central Kalimantan.

"We really welcome this collaboration with Cokal Limited in Murung Raya Regency, Central Kalimantan. This initiative provides acceleration to initiate and increase coal mining assets owned by Petrindo and Cokal," said Daniel Laurente Jr, Director of Petrindo in a written statement, Tuesday, March 5.

This, he continued, also emphasized his steadfast dedication to improving operational efficiency and integration of the Petrindo supply chain, which in the end will provide added value for company stakeholders.

This MoU also strengthens the integration of the Petrindo supply chain and the operational efficiency of PT Daya Bumindo Karunia, which is located next to PT Bumi Barito Mineral, which is owned by Cokal.

Access to infrastructure is key for Petrindo operations and through this MoU, Petrindo will significantly optimize its transportation efficiency in its operational areas.