Jakarta - The business entity of PT Indo Straits Tbk (PTIS), PT Straits Mining Services, won mining and equipment contracts from an affiliated party located in East Kalimantan.

"The agreement period is 1 year starting from November 1, 2021 until October 31, 2022," said PTIS Corporate Secretary Tan Kim Leng in the IDX information disclosure on Thursday (4/11).

Tan hopes that the new contract will increase the company's additional income to increase overall financial performance. The contract value for one year is Rp. 12 billion.

"This new agreement will provide promising confidence for the continuation of the company's new business ventures in the future," he said.