Full Throttle for Growth: BUMA International Boosts New Contracts and Business Diversification
Jakarta, VIVA – PT BUMA Internasional Grup Tbk (DOID) is striving to strengthen its business expansion after recording negative financial performance throughout fiscal year 2025 due to adverse weather disrupting operations. The company announced that it has successfully secured three new contracts in Indonesia and Australia throughout 2025 up to early 2026.
Director of BUMA International Group, Iwan Fuad Salim, stated that a stronger operational foundation and more secure contract base entering this year. This step is part of the company’s strategy to drive sustainable growth amid the dynamics of the global mining industry.
“Our priorities are clear: driving operational excellence, maintaining cost and capital expenditure discipline, strengthening cash management, and realising recovery into consistent financial performance,” Iwan emphasised, as quoted from the information disclosure on Monday, 30 March 2026.
One strategic contract stems from a long-term collaboration with PT Adaro Indonesia at the South Tutupan Mine until December 2030, also extending a partnership that has lasted over two decades. In this project signed after the close of fiscal year 2025, BUMA will handle approximately 239 million bank cubic metres (MBCM) of overburden removal as well as 44 million tonnes of coal production.
In 2025, BUMA Australia obtained a contract extension worth around A$740 million or approximately Rp 8.63 trillion (estimated exchange rate of Rp 11,670 per AUD) at the Blackwater Mine until June 2030. Subsequently, the company also successfully extended its contract at the Goonyella Riverside Mine until September 2027.
Not only relying on mining services business, BUMA is also accelerating its portfolio diversification strategy. The company holds 22.60 per cent shares in 29Metals, an Australia-based mining company focused on copper commodities with additional exposure to zinc, gold, and silver.
In addition, BUMA controls 71 per cent shares in Atlantic Carbon Group Inc., a producer of ultra-high-grade anthracite operating three active mines in Pennsylvania, United States (US). The operational performance of this entity is said to continue showing increasingly better stability.
Domestically, BUMA is also strengthening its exposure in the copper sector through ownership of 44.15 per cent shares in Asiamet Resources Limited. The company is developing the BKM Copper project in Indonesia, which has high copper grades with an estimated mine life of more than 10 years.