PT ABM Investama Tbk (ABMM) signed a mining service extension contract with PT Dizamatra Powerindo (DMP) with a contract value of Rp 1.65 trillion.

This mining service contract is located in a mining area in West Merapi District, Lahan Regency, South Sumatra.

"This contract is valid for a period of 5 years with an option to extend for the life of the mine," said ABM Corporate Secretary Rindra Donovan through the IDX information disclosure, Friday (4/6).

In the period ending December 31, 2020, the company posted revenue from contracts with customers reaching US$606.407 million or higher than the previous year, which was US$592.394 million.

Unfortunately, the company bears a loss for the year attributable to owners of the parent company of US$35,659 million, from the previous year's profit of US$7,556 million.

Meanwhile, the trigger for the loss was the decline in the value of mining properties which reached US$24,023 mil