Buma Secures Rp107.8 Trillion Contract Extension from Bayan Group Subsidiary

IQPlus, (29/10) - PT Bukit Makmur Mandiri Utama (BUMA), the main subsidiary of PT Delta Dunia Makmur Tbk (Delta Dunia Group, IDX: DOID) announced its success in obtaining a long-term contract extension with PT Indonesia Pratama (IPR), a subsidiary of PT Bayan Resources Tbk (Bayan Group).

The signing of the amendment to this agreement was carried out on October 23, 2024. The contract extension period lasts for 11 years, from 2024 to 2035, and will make a major contribution to BUMA's revenue of IDR 107.8 trillion or around USD 7.8 billion.

This agreement includes a significant increase in overburden removal of up to 1.827 billion bcm, as well as an increase in coal production of up to 465 million tons during the contract period.

Ronald Sutardja, President Director of Delta Dunia Group in a press release (28/10) said, "We are proud of our long-term relationship with Bayan Group, one of the leading coal producers in Indonesia. This contract extension reflects BUMA's track record in providing safe, efficient, and reliable mining services for Bayan Group. It also reaffirms the commitment of Delta Dunia Group and BUMA to continue to strengthen our presence and develop our core business in Indonesia, as well as deepen long-term relationships with all our partners."

Indra Kanoena, President Director of BUMA, said, "We are pleased to announce the Amendment of the Agreement with IPR, which is one of our strategic business partners. This Amendment of the Agreement is a form of trust and long-term commitment from Bayan Group in strengthening strategic and sustainable relationships, which have grown strong for more than 17 years. It also affirms BUMA's dedication to always prioritize mutual success with our clients. With this Amendment of the Agreement, we are committed to continuing to improve operational excellence and support sustainable growth together for BUMA and Bayan Group".

"At BUMA, we are committed to always creating optimal value for all stakeholders, as well as providing a positive impact on society and the environment. We hope to maintain this positive momentum, so that we continue to achieve growth opportunities, both for us and our stakeholders," Indra concluded. (end)