Northstar's Unit Acquires Downer's Mining Business

Summary

Northstar Group’s mining company, PT Delta Dunia Makmur Tbk (DOID), has acquired the mining contractor business of Australia-based Downer Group for US$110 million or around Rp 1.56 trillion (at an exchange rate of Rp 14,250 per US dollar). Downer EDI Ltd sold Open Cut Mining East to DOID's subsidiary, PT Bukit Makmur Mandiri Utama, as the final step of the company's divestment of its mining portfolio.

Bukit Makmur Mandiri Utama has paid a deposit worth A$16 million, while the remaining must be paid upon the settlement before the end of 2021. Currently, Downer EDI Ltd is listed as one of the largest open-pit mining contractors in Australia and has worked with major domestic mining companies, including BHP and OZ Minerals.

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you’ll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.