PT Petrosea Tbk (PTRO) officially launched the Minerva Digital Platform for a coal mining project owned by PT Indo Bara Pratama (IBP) in Kembang Janggut, Kutai Kartanegara Regency, East Kalimantan. In the IBP project, Petrosea carries out project management work, which includes implementing operational excellence and technology solutions through the Minerva Digital Platform which is Petrosea's latest digital technology solution. This work includes mining in the pit to transporting coal to the port (pit to port activity) with the principles of good mining practices. In this regard, Petrosea also plans to implement a dozer push solution in mining activities at IBP.
Petrosea is the only contractor that has conducted dozer push mining in Indonesia. Project management carried out by Petrosea is a new business model by collaborating with local contractors around the mining area. Petrosea assists local contractors to improve performance in mining productivity. This is done by implementing Petrosea's processes, procedures and standards so that operational excellence runs well and production targets can be achieved. In addition, the application of digital technology also plays an important role in maintaining mining operations, from pit operations to ports. All initiatives are controlled and monitored through the Minerva Digital Platform which is supported by a real-time and accurate Fleet Management System (FMS).
This FMS system, which is applied to these smaller capacity devices, is the result of Petrosea's collaboration with local Indonesian partners. These tools will accelerate corrective actions quickly and accurately, so that the production process is not disrupted. "Petrosea has started a digital transformation of its mining operations in 2018 and thanks to its success it has received recognition from the World Economic Forum as a lighthouse company. We continue to develop digitalization at Petrosea to further increase productivity in all mining projects, including the IBP project," said Petrosea's President Director, Romi Novan Indrawan was quoted on Thursday (2/3). In running its business, Petrosea is fully supported by Haji Romo (Robert) Nitiyudo Wachjo who is the majority shareholder of one of the largest gold mines in Indonesia, PT Nusa Halmahera Minerals and PT Caraka Reksa Optima which is the main shareholder of PT Petrosea Tbk.
Going forward, Petrosea's strategy under the leadership of Haji Robert is to continue to diversify its business into other mineral sectors through the provision of mining and engineering, procurement & construction (EPC) services on an ongoing basis. In addition, Petrosea's long-term strategy is to reposition from a mining contractor to a mine owner in order to strengthen the company's performance and provide added value to all stakeholders in the future. The launch event for the digitalization of the IBP project was carried out online from the Remote Operations Center (ROC) located at the Petrosea-Bintaro head office, where IBP management was represented by Russel Powell as Director. Meanwhile, Petrosea's management was represented by Romi Novan Indrawan as President Director, Rafael Nitiyudo as Vice President Director and Iman Darus Hikhman as Director of Mining & Business Development. Also present at this event were the IBP operational and technical teams to witness firsthand.
