PT Buma Internasional Grup Tbk (DOID) will budget capital expenditure of USD 170 million-USD 180 million in 2025.Director of PT Bumi Internasional Grup Tbk, Iwan Salim estimated, capital expenditure in 2025 around USD 170 million-USD 180 million. The capital expenditure budget, among others, is for the implementation of mining service contracts with PT Bayan Resources Tbk."USD 170 million-USD 180 million, looking at the previous track, hopefully it will be the same this year. One of them is for Bayan, Persada Kapuas Prima (PKP) in Central Kalimantan, a little for the United States and Australia," he said during a media visit, as quoted, Sunday (1/6/2025).Iwan said that the capital expenditure funds will come from internal funds and the results of the first phase of sukuk issuance. The company through Bukit Makmur Mandiri Utama has issued BUMA 2025 sukuk ijarah I worth IDR 2 trillion on March 20, 2025. "The funds are from internal, there are many financing options, like the first sukuk too. A combination of working capital and capex," said Iwan.The Company has acquired a number of mining companies abroad, namely the United States and Australia in 2024. In the United States, the Company acquired Atlantic Carbon Group Inc (ACG) for around USD 122.4 million. Atlantic Carbon Group has an ultra high grade (UHG) anthracite mine.In addition, the Company through Bukit Makmur Mandiri Utama Pte Ltd has also acquired shares in 29Metals Limited, a copper and zinc mining company from Australia. The Company is also in the process of acquiring shares in Dawson Complex, one of the metallurgical coal mines in Australia. Iwan hopes that the acquisition process can be completed in the first semester of 2025.Previously, PT Bukit Makmur Mandiri Utama (BUMA), a subsidiary of PT BUMA Internasional Grup Tbk (DOID) officially listed BUMA Sukuk Ijarah 1 2025 on the Indonesia Stock Exchange (IDX), Thursday (27/3/2025). BUMA has successfully completed the initial issuance of BUMA Sukuk Ijarah I 2025 worth IDR2 trillion, making it the largest corporate sukuk ijarah with an A+ Sharia rating in a single issuance in Indonesia. BUMA Sukuk Ijarah I 2025 was issued in three series. Series A worth IDR 542.85 billion with a 7.50% ijarah return and a maturity of 370 days, Series B worth IDR364.95 billion with an 8.50% ijarah return and a maturity of 3 years, and Series C worth IDR1.09 trillion with a 9.25% ijarah return and a maturity of 5 years.BUMA International Group Director, Iwan Fuad Salim explained that this is the second time BUMA has registered with the IDX, the first being the issuance of 1 BUMA Bond 2023 and the issuance of 1 BUMA ijarah 2025. "This is a milestone in the group's financial diversification and expanding the group's investment base to sharia finance with a total value of IDR 2 trillion," said Iwan in his speech at the Main Hall of the Indonesia Stock Exchange.
Source https://djakarta-miningclub.com