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BUMA Wins Coking Coal Mining Contract in Australia

www.beritasatu.com

Sun 15 May 2022, 08:09 AM

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 PT Delta Dunia Makmur Tbk (DOID) announced that its subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), through its Australian subsidiary, BUMA Australia Pty Ltd (BUMA Australia), will soon start a new mining service for Bowen Coking Coal (BCC), a company listed on the Australian Stock Exchange (ASX), for the Broadmeadow East semi-hard coking coal project. The new contract is worth 320 million Australian dollars for a period of three years, with an option for a one-year extension.

The project is located 25 km northeast of the town of Moranbah, within the Central Bowen Basin in Queensland. BUMA Australia itself has been operating around the area for 14 years, in the Goonyella project belonging to BHP Billiton and Mitsubishi Alliance (BMA). The project will produce 4.8Mtpa of ROM coal over four years.

President Director of PT Delta Dunia Makmur Tbk Ronald Sutardja explained, BUMA Australia's performance and track record has strengthened relationships with existing clients.

"The strength of the company's business allows us to continue to seek new contracts. We thank the
entire BUMA Australia team for successfully securing the second contract in the last five months since our acquisition of Downer Mining East in December last year," said Ronald, in a press statement. , Sunday (15/5/2022).

This new contract further supports Buma Australia's presence in the Bowen Basin, with an operational track record of more than 10 years at BMA's Blackwater coking coal mine, and 14 years at BMA's Goonyella coking coal mine.

On 22 February 2022, Buma Australia announced that it had secured a new contract extension worth AUD 550 million for five years at BMA's Blackwater mine.

This new contract also confirms Delta Dunia Makmur's strategy to remain committed to providing mining services from upstream to downstream and continue to strengthen business lines in Indonesia and Australia.

Third, the company is actively managing its funding position, with more than 60% of its liabilities maturing in 2026 or later.

Fourth, the company added more than 880 million BCM of overburden removal and more than 119 million tons of coal production to its order book through new contracts and contract extensions (excluding contracts announced in 2022).

Fifth, the company completed the acquisition of Downer Mining East, an Australian Tier 1 mining contractor, which increased the company's BCM and annual revenue by around 50 percent.

Sixth, the company started its commodity diversification, through the acquisition of a 15.4% stake in Asiamet Resources with a portfolio of copper and polymetallic projects in Indonesia.

Source: 
https://www.beritasatu.com/ekonomi/927553/buma-raih-kontrak-penambangan-batu-bara-kokas-di-australia/?view=all

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