Published on 28/10/2024 at 10:23 GMT+7 Reading time
PT Bukit Makmur Mandiri Utama (BUMA), the principal subsidiary of investment company PT Delta Dunia Makmur (Delta Dunia Group), has secured a long-term contract extension with PT Indonesia Pratama (IPR), a subsidiary of coal mining company PT Bayan Resources (Bayan Group).
The contract extension period spans 11 years − from 2024 to 2035 − will significantly contribute to BUMA's revenue, amounting to approximately Rp107.8 trillion (US$7.8 billion). The agreement, signed on October 23, 2024, includes a substantial increase in overburden removal, reaching 1.827 billion bcm, and an increase in coal production to 465 million tons over the contract period.
“This contract extension reflects BUMA’s track record in delivering safe, efficient, and reliable mining services to Bayan Group. It also reaffirms Delta Dunia Group and BUMA's commitment to continue strengthening our presence and growing our core business in Indonesia,” Ronald Sutardja, President Director of Delta Dunia Group said in a statement on Monday, October 28, 2024.
Indra Kanoena, President Director of BUMA, said that they were pleased to announce the Amendment Agreement with IPR, reflecting Bayan Group’s trust and long-term commitment to strengthening strategic and sustainable relationship, which has lasted for over 17 years.
The agreement also underscores BUMA’s dedication to prioritize mutual success with clients. With this Amendment Agreement, BUMA is set to continuously enhance operational excellence and support sustainable growth for BUMA and Bayan Group.
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