PPRE Continues To Focus On Mining Services Business Lines As Nickel Mining Contractors

JAKARTA - PT PP Presisi Tbk (PPRE) is Indonesia's leading company in the field of heavy equipment-based mining and construction services. With the scope of work carried out by PPRE in the mining service sector as a contractor comprehensively, starting from mining development infrastructure such as construction work and maintenance of hauling roads and other mining infrastructure development (stockpile, bridges, etc.) to mining contractor work ranging from overburdening to transportation of ore nickel services).

For 2023, PPRE is targeting a new contract increase in mining service business lines as the main contractor projected to reach more than 50-60 percent and even exceed last year's achievement.

The success of PPRE in obtaining new contracts in the mining services sector in 2022 which will reach 55 percent of the total contracts, PPRE is optimistic to continue to focus on obtaining new contracts in the nickel mining services sector as a source of recurring income for the Company with a longer contract period. With the 2023 target projected to reach 50-60 percent of new contracts in the mining service sector.

"With the strong growth momentum in the Indonesian mining sector, as well as the policy of expanding downstreaming taken by the Government, one of which is New Renewable Energy (EBT) to reduce dependence on coal supply and reducing carbon impact, we believe now is the right time to focus our resources and energy in the mining services sector such as obtaining new contracts with new contract targets in the range of IDR 6 trillion-IDR 7 trillion, or an increase of 20-30 percent from the previous year, where contract acquisition in mining services continues to increase year-on-year according to the company's target., "said I Gede Upeksa Negara, President Director of PT PP Presisi Tbk, in his statement, Monday 5 June.

In an effort to expand the mining portfolio, the Company has announced plans to expand into other mineral mining such as bauxite and gold, in addition to nickel mining that is currently being worked on.

As part of the Company's commitment to mining services, the Company currently has a Mining Services Business License (IUJP). This permit gives confidence and authority to the Company to carry out activities throughout the mining service spectrum.

This announcement is proof of the Company's evolution and shows that they are committed to continuing to keep up with the times and achieving opportunities in the mining sector.

With this new strategic focus, PT PP Presisi Tbk shows stakeholders and shareholders that they are not only experts in civil construction, but also strive to become key players in the mining industry.