From WHC Thread: Substitute Logistics Deal for Blackwater. Indonesian for Japanese. CKA for WHC etc etc And this describes why the Petrindo/BBM Logistics MOU takes time to turn into a binding contract. I have been involved in such deals with Chinese companies and it just takes forever and then it just falls into place when least expected.
BBM/CKA have the whip hand here as Petrindo have little option to get their mine developed. They need our road and Batu Tuhup. We need their ISP at Buntok but have a number of fallback options. My understanding from AGM discussions that CKA/BSN will build ISP at Buntok at a future date regardless of this deal. All in my opinion and DYOR
From WHC Thread: Substitute Logistics Deal for Blackwater....
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