October 13, 2008

Clough secures coalmining contract in Orissa

It is reported that Clough has secures USD 48 million Indonesia coal contract through its Indonesian subsidiary PT Petrosea Tbk. Petrosea will work with client PT Ilthabi Bara Utama to perform works for the Pakar Coal Development Project an open cut coal line in central East Kalimantan.

The project team will be responsible for the design, procurement and construction of the mine infrastructure facilities including haul road, stockpiles and materials handling facilities at both the mine and river port locations. Clough in a statement said it expects work on the project to be completed by June 2008.

Mr John Smith CEO of Clough said this latest contract award demonstrates the continued success of the company in relationship contracting. He said “Across the Clough group, the majority of our work is won or extended on the basis of good relationships with clients, and in this case it’s pleasing to see Petrosea develop an alliance with a new client, which we believe bodes very well for this project and future operations.”

The Pakar Coal Development has a proven and probable coal reserve of 274 million tonnes and overall coal resources are approximately 3.3 billion tonnes.