- Business
- PT Sinar Terang Mandiri Tbk (MINE.JK) is an Indonesia-based company engaged in mining services, encompassing mine planning, mining operations, logistics and transportation, paving construction, civil construction, and stone crushing. The company provides detailed services including survey, mine plan, engineering and development in mine planning; land clearing, excavation for overburden removal and ore getting, grizzly and stockpile management in mining operations; hauling, barging and transshipment in logistics; paving production and installation; roads, bridges, drains, infrastructure and general construction in civil works; and sand production through stone crushing processes, with projects focused on limonite ore hauling, nickel mining services, and road infrastructure. Founded in 2004 and headquartered in Jakarta Selatan, Indonesia, it operates primarily in the mining and construction sectors, serving local and foreign mining companies as well as government and private infrastructure projects, with a workforce of 166 employees and segments in mining services, construction services, and others. As a subsidiary of PT Mitra Berkarya Sukses Selalu, the company collaborates with partners on nickel mining activities and maintains over 20 years of experience in heavy equipment contracting, earthworks, roadworks, overburden removal, ore hauling, and barging. In recent developments, PT Sinar Terang Mandiri Tbk secured two new contracts in the first quarter for key nickel mining activities including topsoil removal, nickel ore excavation, and transportation, positively impacting business continuity and financial performance; it also amended its articles of association via Notarial Deed No. 96 dated 31 October 2024 to increase authorized capital, change par value, issue new shares, and alter company status, approved by the Minister of Law and Human Rights. The company held its 2025 Annual Public Expose and convened the Annual General Meeting of Shareholders for fiscal year 2024, reflecting ongoing strategic and operational enhancements.