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August 02, 2015 2:38 PM ET

Oil, Gas and Consumable Fuels

Company Overview of PT Bukit Makmur Mandiri Utama

Company Overview

PT Bukit Makmur Mandiri Utama provides coal mining services to Indonesian coal producers across all production stages, including overburden removal, coal mining, coal hauling and reclamation, and rehabilitation. The company's customers include coal producers including Berau Coal, Adaro Energy, Kideco, and Arutmin. The company was formerly known as P.T. Bukit Makmur Widya. The company was founded in 1998 and is based in Jakarta, Indonesia. As of November 6, 2009, PT Bukit Makmur Mandiri Utama operates as a subsidiary of PT Delta Dunia Makmur Tbk.

The Honey Lady, 3rd floor

Lot 301-306

Kawasan CBD Pluit

Jl. Pluit Selatan Raya No. 1

Jakarta,  14440

Indonesia

Founded in 1998

Phone:

62 21 661 3636

Fax:

62 21 661 8917

Key Executives for PT Bukit Makmur Mandiri Utama

President Director and Board of Director
Age: 47
President Commissioner and Chairman
Operational Director
Compensation as of Fiscal Year 2015.

PT Bukit Makmur Mandiri Utama Key Developments

PT Sungai Danau Jaya Enters into Memorandum of Understanding for Cooperation of Coal Mining Services with PT Bukit Makmur Mandiri Utama

The Board of Directors of Geo Energy Resources Limited announced that the company's subsidiary, PT Sungai D anau Jaya (SDJ), had on 17 June 2015 entered into a memorandum of understanding for cooperation of coal mining services with PT Bukit Makmur Mandiri Utama (BUMA). SDJ holds production operations mining business licenses for an aggregate a rea of 235.5 hectares located in the Sub - District of Angsana and Sungai Loban, District Tanah Bumbu, Province of South Kalimantan. BUMA is a company engaged in the provision of coal mining services. Pursuant to the MOU, SDJ shall procure from BUMA services such as the overburden removal and coal hauling in the Mining Area, and the rental of heavy equipment. BUMA shall provide mining services for the entire life of the mine or until all of the coal reserves have been fully produced and /or extracted from the Mining Area. The parties shall enter into an operational agreement no later than 30 days after the date of the MOU, after which the MOU shall be effectively terminated, unless mutually extended by the parties. SDJ and BUMA will not be expected to commence work until after the operational agreement is executed. Barring unforeseen circumstances and subject to execution risks, the M OU is expected to have a positive impact on the net tangible assets per share and earnings per share of the group for the current financial year ending 31 December 2015.

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