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Thursday, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
delta duniaPT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation to Binungan Block 7 Mine Operation , to March 2025. Binungan is located in Berau Regency, in the Province of East Kalimantan. 
 
According to the company's press release, the extension contract is valued at approximately Rp 13.5 trillion or equivalent to close to US$1.0 billion. Average annual production is expected to be within the range of 75 - 90 million bcm of overburden removal and 7.0 – 7.5 million tonnes of coal. 
 
The company said, the BUMA continues to explore opportunities and pursue discussions with both existing and new potential customers for new contracts. BUMA remains committed to optimize the utilization of its assets and resources, prudently manage its working capital and investments, and maintain a sustainable debt structure, in order to deliver results to its stakeholders. 


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Recent News

Wednesday, 16 December 20
INDONESIAN COAL RECOVERING - FITCH
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Tuesday, 15 December 20
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Prices for the benchmark Newcastle 6,000 kcal/kg grade coal have rebounded to over USD 70/tonne since late November as major Asian economies ease l ...


Tuesday, 15 December 20
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Tuesday, 15 December 20
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Domestic, overseas suppliers will take up share with easier clearance   China's top economic planner on Saturday gave approval to ...


Monday, 14 December 20
PHILIPPINE BANK RCBC TO STOP LENDING FOR NEW COAL-FIRED POWER PROJECTS - MANILA BULLETIN
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power ...


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