Mitra Investindo (MITI) spinned off its granite mining segment, managed by PT Bintang Mahkota Sukses (BMS),  to PT Sanmas Mekar Abadi (SMA). MITI has recently signed agreement with PT Indelberg Oil Indonesia (formerly PT Benakat Oil). MITI will absorb convertible bonds issued by Indelberg that owns 100% participating interest in Benakat Barat Petroleum Oil Field.