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Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
 COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), aims to reach 10%-20% growth in coal production and overburden removal this year.
According to presentation of Delta Dunia Makmur Macquarie conference in Hong Kong, the company is targeting to produce 36.08 - 39.36 million tons of coal with overburden removal of 305.8 -333.60 million bcm in 2010.
Delta Dunia has produced 32.8 million tons of coal in 2009 removed 278 million bcm of overburden.
To achieve reach the new target, Delta Dunia, 40% controlled by private equity partner North star Pacific and founded by former Goldman Sach's banker Patrick Walujo, will spend US$150 - 180 million of capital expenditure in heavy equipment.
"We estimate to secure one new major contract in the first half this year and maintain 40% of EBITDA ratio on net revenue," Delta Dunia's management said in its presentation.
BUMA provides open-cut mining services to the large coal producers in Indonesia. Its main customers are PT Adaro Indonesia, PT Arutmin Indonesia, PT Bayan Resources, PT Berau Coal, PT Kideco Jaya Agung, and Lanna Resources.
Delta Dunia had acquired BUMA on November 6 2009.
Signaling bond refinancing
BUMA has signaled that issuance of new tax regulation on withholding tax, increased annual coupon rate for its US$ denominated bond from 10% to 20% or US$ 3.7 million annually.
BUMA, via a wholly owned subsidiary namely Prime Dig, has issued US$ 315 million value of bond in November 2009.
"Our bond documentation includes a tax call provision, allowing the bond to be called at par," official said during presentation.
Reported by Insider Stories
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Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
Tuesday, 27 July 10
DRY BULK SPOT CARGO DEMAND SHARPLY UP, TRIGGERING RISE IN RATES
Hot on the heels of the dry bulk market’s first weekly gain in almost two months, Monday began on a similar note, with the Baltic Dry Index (B ...
Tuesday, 27 July 10
KANGAROO RESOURCES INKS 297MT COAL RESOURCE FOR TANUR JAYA PROJECT
Kangaroo Resources has reported JORC Code compliant open cut Coal Resources totalling 297 million tonnes for the Tanur Jaya Coal Project in East Kal ...
Monday, 26 July 10
INDONESIAN COAL PRICE REFERENCE FOR JULY 2010 IS US$ 96.65 PER TON FOB VESSEL
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Monday, 26 July 10
BHATIA INTERNATIONAL, MIGHT GRAB THE MAJORITY OF COAL SUPPLY ORDER FROM MAHAGENCO
COALspot.com: Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, has received price bids from ...
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- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Planning Commission, India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Commonwealth Bank - Australia
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
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