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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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Friday, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to K ...
Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
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- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- The Treasury - Australian Government
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
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