PT Bukit Makmur Mandiri Utama (BUMA) and PT Persada Kapuas Prima (PKP) have entered into a partnership related to mining services management, which includes overburden removal and coal mining.

BUMA's President Director, Indra Kanoena, stated that this new contract is not only part of the company's efforts to strengthen its business but also an acknowledgment by the industry of BUMA's reputation and expertise.

"The trust given by mine owners not only reflects our commitment to building strong and sustainable relationships but also underscores our dedication to prioritizing the success of our clients," he said in a statement on Thursday, August 15, 2024.

The agreement is valid for the entire life of the mine (Life of Mine - LOM), with the initial phase planned to last for nine years, beginning in the fourth quarter of 2024.

The initial phase of mining operations is expected to result in more than 359,330,000 bank cubic meters (bcm) of overburden removal and 60,600,000 tons of coal, with the contract valued at approximately IDR 12 trillion, or around USD 755 million.

Indra added that BUMA continues to strengthen its foundation for sustainable growth through a proactive business development strategy, focusing not only on contract acquisition and renewal but also on creating stable and sustainable revenue streams.

"With a proactive business development strategy, we are not only focused on acquiring and extending contracts but also on creating stable and sustainable revenue streams. This is part of our ongoing efforts to enhance the quality of our services while managing operational risks," Indra concluded.