Wednesday, May 29, 2024

BUMA Australia secures contract for pre-strip mining services at Blackwater Mine

Reading Time: 2 minutes
Gusty da Costa

Journalist

Editor

Interview

PT Bukit Makmur Mandiri Utama (“BUMA”), through its wholly owned Australian subsidiary BUMA Australia Pty Ltd (“BUMA Australia”), has set up a contract with Blackwater Operations Pty Ltd, a subsidiary of Whitehaven Coal Mining Limited, to provide pre-strip mining services at Blackwater mine, a metallurgical coal mine located in the Bowen Basin, Central Queensland, Australia.

The contract is expected to contribute significantly to BUMA Australia’s revenue until June 2026 and an average annual production of approximately 36 million Bank Cubic Meter (bcm) of overburden removal. The contract with Whitehaven Coal is a continuation of the services that BUMA Australia had provided at Blackwater mine with BHP Billiton and Mitsubishi Alliance (BMA). Whitehaven Coal acquired Blackwater and Daunia mines from BMA through an Asset Sales Agreement signed on April 2, 2024. 

“We are pleased that Whitehaven Coal has recognized BUMA Australia’s extensive expertise at the Blackwater mine − a true acknowledgment of our legacy of excellence in the region. This new contract shows that BUMA Australia’s reputation and expertise are recognized and trusted by industry-leading mine owners.” Dian Andyasuri, Director at Delta Dunia Group − the parent company of BUMA − said.

Since May 2012, BUMA Australia has been a key player at the Blackwater mine, partnering with BMA. This experience has refined BUMA Australia’s capabilities in truck and excavator pre-strip operations, enhancing its understanding of the site’s dynamics and operational challenges. Now, with the mine’s ownership under Whitehaven Coal, BUMA Australia is ready to continue its legacy of excellence and ensure sustained success at Blackwater mine.

Colin Gilligan, CEO of BUMA Australia, said, “This new contract cements BUMA Australia’s reputation in the Bowen Basin, where we provide pre-strip and coal mining services to the metallurgical coal industry at the Blackwater, Goonyella Riverside, and Saraji mines, as well as at the Broadmeadow East and Burton mines.”

“Following Whitehaven’s acquisition of the Blackwater mine from BMA, we are eager to contribute to their operational success. Our track record of safe, efficient, and consistent performance at Blackwater strengthens our confidence in our ability to deliver for Whitehaven Coal,” he added.

The contract with Whitehaven Coal at the Blackwater mine marks a significant milestone for Delta Dunia Group, sustaining its growth trajectory as demonstrated by record-breaking performance in overburden removal, revenue, and earnings before interest, taxes, depreciation, and amortization (EBITDA) in FY 2023. This achievement is reinforced by a 28 percent year-over-year increase in production volume in Australia, supported by significant contract wins with BMA’s Saraji mine and Bowen Coking Coal’s Burton mine. 

Additionally, BUMA Australia’s contract for mining services at Commodore mine with Millmerran Power Management Pty Ltd will conclude on August 31, 2024. The exit from the thermal coal mine, located adjacent to the Millmerran Power Station in Southeast Queensland, aligns with the Group’s strategy to reduce its thermal coal operations. This move underscores the Group’s commitment to enhancing its portfolio with a greater focus on metallurgical coal and other minerals.

Both the above corporate actions align with the Group’s strategy to diversify and reduce its reliance on thermal coal to below 50 percent of total revenue by 2028. The Group’s strategic transformation is already yielding results, with metallurgical coal and infrastructure contributions accounting for 19 percent of the Group’s FY 2023 revenue.

Gusty da Costa

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

PT Medco Energi Internasional has announced the divestment of its stake in the oil and gas field Area 47 in Libya to the Libya National Oil Corporation (NOC).
Indonesia has harnessed less than 1 percent of its solar energy potential, lagging significantly behind neighboring countries as fossil fuels continue to dominate
CNGR, a major Chinese company in the nickel processing industry and a key supplier of battery components for US electric car producer Tesla, is aggressively increasing its investments in Indonesia.
PT Freeport Indonesia (PTFI) President Director Tony Wenas has confirmed that the copper smelter in the Java Integrated Industrial Port Estate (JIIPE) area in Gresik, East Java, is on track to start operations by June 2024.
Jakarta, May 27, 2024 − PT Perusahaan Gas Negara (PGN), a gas subholding of State energy company PT Pertamina, has paid off the remaining bonds worth US$396,709,000 in accordance to the maturity date as part of the repayment of the overall bond value of US$1.35 billion issued in 2014 and listed on the Singapore Exchange.
Coordinating Minister for the Economy, Airlangga Hartarto, met with Daisuke Arakawa, a senior executive at Nikkei Inc, in Tokyo on Friday, outlining the Indonesian government’s commitment to energy transition through collaboration with Japan. One key area of cooperation is investment in electric vehicles (EVs).