PT Delta Dunia Makmur Tbk has announced that its subsidiary, PT Bukit Makmur Mandiri Utama has entered into a conditional agreement with Downer EDI Ltd to acquire Downer’s coal mining contractor business in Australia.
Downer EDI to divest Open Cut Mining East unit to Indonesia's BUMA mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.
Australian shares are trading lower; Z Energy agrees to Ampol takeover; API upgrades profit guidance; US crude hits seven-year high. Follow the latest here.
Bids land for Downerâs $200m mining services arm
Save
Share
Downer Group has received offers for its up-for-sale Open Cut Mining East arm.Â
Street Talk understands bids for the $3.8 billion companyâs Open Cut Mining East division have started flowing in, with offers around the $200 million mark.
The Macquarie Capital-run auction is understood to be shaping as a three-horse race between Mark Rowsthornâs Rivet Group, Indian player AvidSys and Indonesian mining contractor Buma.
Sources reckoned the international players had their noses in front, however Rivet hasnât given up and would be pitching its Australian credentials to Open Cut Mining Eastâs customers.