President Director Budikwanto Kuesar at PT Bukit Makmur Mandiri Utama (BUMA), a wholly owned subsidiary of PT Delta Dunia Makmur Tbk (DOID), has stepped down from his position to pursue other interest. His step down will put into effect from May 31 2012.
BUMA is Indonesia's second largest coal mining contractor. Hagianto Kumala, President Director of DOID, will assume the possition of BUMA's president director with effect from June 1 2012.
Delta Dunia has already started the search process for a permanent replacement for the post of BUMA's president director and will announce further developments in due course.Operational performance
As of April 2012, Delta Dunia boosted its overburden removal of 5.27% to 105.9 million bank cubic meter (bcm) from 100.6 million bcm. However, coal production volume slightly decreased 1.92% to 10.2 million tons from 10.4 million tons.
Disclosure: No position at the stock mentioned above.
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