BUMA signs contracts with Adaro and Angsana Jaya

Tuesday, December 27 2016 - 08:22 AM WIB

PT Delta Dunia Makmur Tbk (DOID) has reported that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama (BUMA) has signed two mining services contracts with PT Adaro Indonesia (Adaro) and PT Angsana Jaya Energy (AJE). The aggregate value of these contracts is Rp6.5 trillion or around US$ 493 million.

The company announced in a press release on Tuesday that the contract with Adaro is an amendment to existing mining services contract for the Paringin Pit in Tanjung Tabalong, South Kalimantan. This contract is valued at Rp 5.7 trillion.

AJE is a new customer with operations in Tanah Bumbu, South Kalimantan. The mining services contract with AJE is valued at Rp 862 billion.

A breakdown of the production targets and contract period is set out below :

Contarct Overburden Volume Coal Volume Contract Period
PT Adaro Indonesia 223 mn bcm 31.8 mn ton 2022
PT Angsana Jaya Energy 19 mn bcm 6.3 mn ton 2018
Total 242 mn bcm 38.1 mn bcm?

Editing by Reiner Simanjuntak

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