IATA and United Tractors' Joint Mining Project Enters Production Phase

Significant Milestone Achieved

The joint mining venture between PT MNC Energy Investments Tbk (IATA) and PT United Tractors Tbk (UNTR) has officially entered the production phase. This significant development was marked by a First Digging Ceremony held on January 7, 2026, signaling the commencement of operational mining activities. The ceremony represents a crucial milestone in the project's progression, following the Mining Contractor Agreement signed in late December 2025.

Key Partnership Details

The Mining Contractor Agreement was executed between PT Arthaco Prima Energy (APE), a subsidiary of IATA, and PT Kalimantan Prima Persada (KPP Mining), a mining contractor unit within UNTR's business operations. This partnership leverages the strengths of both companies in the mining sector, combining IATA's investment capabilities with UNTR's operational expertise through its subsidiary KPP Mining.

Implications and Future Outlook

The commencement of production at this joint venture is expected to have positive implications for both companies involved. It not only demonstrates their commitment to collaborative projects but also highlights their strategic focus on expanding their presence in the mining industry. As the project moves into the production phase, it is likely to contribute to the companies' revenue streams and potentially enhance their market positions.