BUMA AUSTRALIA SIGNED A NEW AUD320 MILLION CONTRACT WITH BOWEN COKING COAL
PT Delta Dunia Makmur Tbk. (the "Company") announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), through its Australian subsidiary, BUMA Australia Pty Ltd (“BUMA Australia”), will immediately commence new mining services for ASX listed Bowen Coking Coal’s (“BCC”) Broadmeadow East coking coal project (the “Project”). The new Broadmeadow East contract is valued at AUD320 million, over a three-year term, with the option to extend for a further year (the “Contract”).
The Project is located 25km northeast of the township of Moranbah, within the Central Bowen Basin in Queensland. BUMA Australia has successfully operated in the immediate vicinity for 14 years at the BHP Billiton and Mitsubishi Alliance’s (“BMA”) Goonyella project. The Project is expected to produce 4.8Mtpa of ROM coal over four years.
Ronald Sutardja, President Director of PT Delta Dunia Makmur Tbk., commented, “BUMA Australia’s performance and track record have solidified the relationships with our existing customers. The strength of our business has allowed us to opportunistically seek new contracts. We are grateful to the BUMA Australia team for securing a second contract in the five months since our acquisition of Downer Mining East in December last year."
This new contract further strengthens BUMA Australia's presence in the Bowen Basin, with >10 years of operating history at BMA’s Blackwater coking coal mine and 14 years of operating history at BMA’s Goonyella coking coal mine. On 22 February 2022, BUMA Australia announced that it had secured a new AUD550 million, five-year contract extension at BMA’s Blackwater mine.
The contract also confirms Delta Dunia Makmur’s strategy of remaining committed to providing end-to- end mining services and adjacent businesses in Indonesia and Australia.
2021 reflected a transformational year for Delta Dunia Makmur and established a strong foundation for the Company’s continued growth: