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20241125_DOID_Laporan Informasi dan Fakta Material_31791256_lamp1.pdf
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PRESS RELEASE FOR IMMEDIATE RELEASE
Delta Dunia Group, Through BUMA International, Agrees to
Acquire a Controlling Interest in the Dawson Coal Mining Complex
• Delta Dunia Group, via its indirect subsidiary BUMA International 1, will expand its
presence in the Bowen Basin in Queensland, through a US$455 million 2 proposed
acquisition of a 51% interest in the Dawson Complex, one of Australia’s largest
metallurgical coal mines.
• The proposed acquisition further delivers on the Group’s multi-year strategic plan to
diversify into a leading coal services provider and producer, leveraging its industry-
leading capabilities.
• The Dawson Complex has a production capacity of >8 million tonnes per annum (Mtpa)
with established infrastructure and well-known products which receive strong demand
from key steelmaking markets in Asia. The mine has Reserves to support a mine life of
over 20 years, and a Resource life to support a mine life of over 50 years.
• The proposed acquisition advances the Group’s strategy to diversify its portfolio and
reduce its overall dependence on thermal coal.
• The completion of the acquisition is contingent upon Peabody’s acquisition of the
Dawson Complex, pre-emptive rights processes and customary regulatory conditions
precedent, with targeted completion in 2025.
Jakarta, November 25, 2024 – PT Delta Dunia Makmur Tbk (Delta Dunia Group, IDX: DOID),
through its indirect subsidiary, PT Bukit Makmur Internasional (BUMA International), has entered into
a binding agreement with Peabody Energy Corporation (Peabody), via its subsidiary, Peabody SMC
Pty. Ltd., to acquire a 51% interest in the Dawson Complex (Dawson) for US$455 million, granting
BUMA International a controlling interest in one of Australia’s largest metallurgical coal mines3.
Dawson is a part of Anglo American’s Steelmaking Coal portfolio, which is being sold to Peabody
pursuant to a separate sale agreement following a competitive sales process.
BUMA International will fund Peabody for the acquisition of Dawson and Peabody will transfer the
Dawson Complex to BUMA International post-completion of its transaction with Anglo American,
subject to completing the pre-emptive rights processes in respect of Dawson and other customary
conditions. The agreements were executed on November 25, 2024.
The acquisition will be executed through a newly established entity in Australia. The completion of the
acquisition is contingent upon meeting all conditions agreed upon by Peabody, and BUMA
International, with a targeted completion in 2025.
1 The transaction documents have been signed by PT Bukit Makmur Internasional, and allows Delta Dunia Group the flexibility to
complete through another group entity.
2 Acquisition consideration comprises of US$355 million upfront cash proceeds and US$100 million of cash payable over the period
up to the fourth anniversary following transaction completion.
3 Subject to Peabody's acquisition of Dawson, certain pre-emptive rights, consents and regulatory approvals.
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Ronald Sutardja, President Director of Delta Dunia Group stated, “The acquisition of Dawson
reinforces our position in the global metallurgical coal market and builds on our recent acquisition of
Atlantic Carbon Group Inc. (ACG). This move further delivers on our multi-year strategic plan to
diversify into a major coal services provider and producer, leveraging the Group’s industry-leading
capabilities. The Dawson Complex will support our ambition to drive long-term growth and strengthen
our role as a major industry player.
The acquisition will be funded by the Group’s cash reserves, a syndicated bank facility, and a
guarantee facility for rehabilitation obligations. The acquisition consideration comprises of US$355
million upfront cash proceeds and US$100 million of cash payable over the period up to the fourth
anniversary following transaction completion.
Large-Scale and Long-Life Metallurgical Coal Asset
BUMA International will, subject to completion Peabody’s acquisition of Dawson and the satisfaction
of conditions, acquire a 51% participating interest in the Dawson Complex, located in Australia’s
Bowen Basin, comprising the Dawson, Dawson South, Dawson South Exploration, and Theodore
South joint ventures. The remaining 49% interest in the Dawson Complex is held by Mitsui Resources
Pty. Ltd. (Mitsui). BUMA looks forward to working together with key stakeholders and the existing joint
venture partner.
This high-volume operation produces premium metallurgical coal primarily for the steelmaking
industry, supported by established infrastructure including a coal handling plant, conveyors, and ample
port and rail capacity. Dawson’s high-quality product and long track record of production have fostered
robust relationships with key Asian markets such as India and Japan. With a production capacity of
>8 million tonnes per annum (Mtpa), confirmed Reserves supporting a projected operational lifespan
of more than 20 years, and a Resource life to support a mine life of more than 50 years, Dawson
positions BUMA among the world’s leading metallurgical coal producers.
This acquisition is aligned with the Delta Dunia Group’s strategy to diversify its portfolio and will further
expand its revenue, commodity and geographical diversification. Additionally, it solidifies the Group’s
long-term intention to grow in the metallurgical coal sector.
Agreements to ensure the smooth and continuous operation of the asset have been negotiated.
“With Dawson’s premium, long-life Reserves and Resources and strong customer base, we are well-
positioned to create long term value for our stakeholders. Excited by the significant growth potential
Dawson adds to our portfolio, we are committed to leveraging our operational expertise and dedication
to excellence to fully realize its potential,” Ronald concluded.
Delta Dunia Group appointed Macquarie Capital (Australia) Limited as its financial advisor and Corrs
Chambers Westgarth as its legal advisor in relation to the transaction.
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About PT Delta Dunia Makmur Tbk (Delta Dunia Group)
Established in 1990, PT Delta Dunia Makmur Tbk (Delta Dunia Group) is a prominent holding company operating in
Indonesia, Australia, and USA. Our principal subsidiary, PT Bukit Makmur Utama (BUMA), is a leading provider of
mining services to some of the largest miners in Indonesia and Australia (through BUMA Australia Pty Ltd). In June
2024, through PT Bukit Makmur Internasional (BUMA International), it acquired Atlantic Carbon Group, Inc. (ACG) and
became the leading producer of anthracite coal in the USA, further strengthening the Group’s global footprint in the
mining industry.
In 2023, Delta Dunia Group expanded its portfolio with the addition of two new subsidiaries: PT Bukit Teknologi Digital
(BTech), developing AI deep learning technologies to improve operational efficiency, reduce emissions, and minimize
Occupational Health and Safety (OHS) operational risks and PT BISA Ruang Nuswantara (BIRU), a social enterprise
dedicated to education, vocational schools, and fostering circular economy.
Listed on the Indonesia Stock Exchange (IDX Code: DOID), Delta Dunia Group is headquartered in Jakarta, Indonesia,
and is supported by a workforce of over 16,000 employees across Indonesia, Australia, and USA. In June 2024, Delta
Dunia Group was recognized among the Top 200 in the inaugural FORTUNE Southeast Asia 500 rankings, a
prestigious list that identifies the region’s largest companies by revenue.
For further information, please contact:
PT Delta Dunia Makmur Tbk
Corporate Communications
Email: communications@deltadunia.com
Website: www.deltadunia.com
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Names mentioned 12 people and organisations named in the text · linked when the evidence is strong
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PT Bukit Makmur Internasional
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Peabody Energy Corporation
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Peabody SMC Pty. Ltd.
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Atlantic Carbon Group Inc.
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Mitsui Resources Pty. Ltd.
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PT Bukit Makmur Utama
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BUMA Australia Pty Ltd
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PT Bukit Teknologi Digital
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PT BISA Ruang Nuswantara
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Indonesia Stock Exchange
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