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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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Thursday, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
Thursday, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a f ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
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- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- VISA Power Limited - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- PTC India Limited - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
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