Vanguard Mining Corporation has named Indonesian logistics firm PT Yudha Bahkti Menggala as its exclusive partner for logistics and sea transportation of construction aggregates, including construction and reclamation sand, to Singapore’s construction market.
Vanguard Mining has partnered with a number of sand suppliers in Vietnam and Cambodia for use in Singapore. It is also working with Mega Kencana Persada (MKP) to supply limestone to Indonesia’s national market and neighboring export markets. MKP operates a 330 ha. limestone concession in Mandailing Natal, north Sumatra. MKP expects to produce some 25 000 t of crushed limestone per month during the first six-month phase of the site’s development. In the following six months, it plans to raise monthly output to 50 000 t. In the second year of operation, production capacity is due to increase to 1.2 million tpy for export markets.
“We are very pleased to have PT Yudha Bhakti Menggala as our logistics partner as we are moving forward with our sand supply business with Vietnam and Cambodia and getting ready to have our own production at MKP,” said Jalani Haniffa, President of VNMC. “We believe it is a win-win strategy and will create substantial benefits for shareholders of both companies.”
Adapted from press release by Louise Fordham