BUMA secures contract extension from Bayan Group Subsidiary

The contract extension period spans 11 years, from 2024 to 2035, and will significantly contribute to BUMA’s revenue, amounting to approximately US$7.8 billion. The agreement includes a substantial increase in overburden removal, reaching 1.827 billion bcm, and an increase in coal production to 465 million t over the contract period.

Ronald Sutardja, President Director of Delta Dunia Group, stated:

“We are proud of our long-standing relationship with Bayan Group, one of the leading coal producers in Indonesia. This contract extension reflects BUMA’s track record in delivering safe, efficient, and reliable mining services to Bayan Group. It also reaffirms Delta Dunia Group and BUMA’s commitment to continue strengthening our presence and growing our core business in Indonesia while deepening our long-term relationships with all of our partners.”

Indra Kanoena, President Director of BUMA, commented:

“We are pleased to announce the Amendment Agreement with IPR, one of our strategic business partners. This Amendment Agreement reflects Bayan Group’s trust and long-term commitment to strengthening our strategic and sustainable relationship, which has grown strong for over 17 years. It also underscores BUMA’s dedication to always prioritising mutual success with our clients. With this amendment agreement, we are committed to continuously enhancing our operational excellence and supporting sustainable growth for BUMA and Bayan Group.”

“At BUMA, we are committed to consistently creating optimal value for all stakeholders, while generating a positive impact on the communities and environment. We hope to sustain this positive momentum, seizing growth opportunities for both our company and our stakeholders.”

Read the article online at: https://www.worldcoal.com/coal/29102024/buma-secures-contract-extension-from-bayan-group-subsidiary/