Issuers on the Prowl for Fresh Contracts

The acquisition of new contracts by issuers, particularly from mining and infrastructure contractors, is on the rise.

Ana Noviani

17 Apr 2024 - 14.05
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Issuers on the Prowl for Fresh Contracts

Ilustration contruction. /dok Bisnis.

Bisnis, JAKARTA — Issuers across various sectors have maintained their strategy of pursuing new contracts in the first half of this year. The acquisition of new contracts by issuers, particularly from mining and infrastructure contractors, is on the rise.

PT Delta Dunia Makmur Tbk. (DOID) has made significant strides in this regard. Recently, its subsidiary, Buma Australia Pty Ltd., secured a contract with Blackwater Operations Pty Ltd., a subsidiary of Whitehaven Coal Mining Limited.

The contract inked by a subsidiary of PT Bukit Makmur Mandiri Utama (BUMA) pertains to the provision of pre-strip mining services at the Blackwater mine, a metallurgical coal mine situated in the Bowen Basin in central Queensland, Australia.

According to DOID management, the contract is expected to yield a substantial contribution to BUMA Australia’s revenue until June 2026, with an average annual production of approximately 36 million bank cubic meters (bcm) of overburden removal.

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.