BUMA signs additional life of mine contract
Thursday, November 10 2016 - 10:09 AM WIB
By Romel S. Gurky
IDX-listed coal mining services firm PT Delta Dunia Makmur Tbk. (DOID) announced Thursday that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), has signed a life of mine contract with PT Tadjahan Antang Mineral (TAM) with a contract value of approximately Rp 3.8 trillion.
Delta said in a statement this contract is an extension of a previous contract signed in August 2015.
The mining services contract has a total production target of approximately 147 million bcm of overburden and 28 million tons of coal. The project is located in Gunung Mas District, Central Kalimantan.
Editing by Reiner Simanjuntak