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UAE mining firm wins $600m rail contract in Indonesia
Author:arabianbusiness.com Post Date:2009-3-26
Ras Al Khaimah Minerals and Metals Investments (RMMI) has been awarded a licence to build a $600m railway network in Indonesia, enabling it to transport coal extracted from mining operations in the Asian country.
COAL TRANSPORT: The railway deal will allow RMMI to transport the coal it mines in Indonesia, as well as coal from neighbouring mines.
RMMI will next month begin looking for a technical partner in the contracting and railway operating business to build and operate the 125km railway track in East Kalimantan province, Madhu Koneru, managing director of the firm said in an interview.
The Regency of East Kutai in Indonesia formally issued the licence for the procurement, construction and operation of the special purpose rail network.