Amendment Contract with Berau

PT Delta Dunia Makmur Tbk (DOID) is pleased to announce that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), has signed a contract amendment with PT Berau Coal (Berau). Although coal market is still relatively weak, BUMA continues to provide quality service and continuous improvement on operational performance for its customers. As a result, BUMA is awarded with higher volumes from one of its major customers, Berau, while the contract period for the Binungan site is extended until 2019 from 2018 previously.

The amended contracts are for overburden removal, coal hauling, and equipment rental in the area of Lati and Binungan. The contract volume on average will increase by 26% per annum from BUMA's current production at Berau. The total contract value is approximately US$ 1.2 billion for 5 years.

The contract extension and additional volumes provide BUMA with a stronger financial position and will positively drive achievements toward its goal. The amended contracts serve as proof of BUMA's commitment to excellence as it remains one of the largest mining contractors in Indonesia.