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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, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
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- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- White Energy Company Limited
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Indian Oil Corporation Limited
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