PT Bukit Makmur Mandiri Utama entered into an agreement to acquire Open Cut Mining East Business from Downer EDI Limited (ASX:DOW) for AUD 150 million on October 11, 2021. PT Bukit Makmur Mandiri Utama has paid Downer a deposit of AUD16 million with the remainder of the purchase price payable at completion. The Completion of the transaction is subject to certain customary condition, and is expected to occur before the end of the year 2021.