PT Delta Dunia Makmur Tbk (DOID) is pleased to announce that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), has signed a US$820 million contract amendment with PT Perkasa Inakakerta, an operating subsidiaries of PT Bayan Resources Tbk.
In a press statement today, BUMA signed a contract amendment with Perkasa Inakakerta on January 18 2012. The new contract period will also be from January 1, 2012 until December 31, 2017. Under the contract period, the targeted overburden removal is 261 million bcm and the targeted coal hauling is 29 million tonnes.
On December 19, 2011, BUMA also signed a contract amendment with PT Gunungbayan Pratamacoal. The new contract period is from January 1, 2012 until December 31, 2017.
During the contract period, the targeted overburden removal is 260 million bank cubic meters with a contract value of approximately US$640 million. The contract also has an option for an additional 50 million bcm during the period.
Disclosure: No position at the stock mentioned above.
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