COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia. KEPCO signed a 400 million Austra ...


Tuesday, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 20 ...


Saturday, 03 July 10
THE FREIGHT MARKET CONTINUES TO BE UNCERTAIN - CAPT. REDDY
COALspot.com: The market continues to soften and the most affect sector was Panamax which was down by almost 20 pct and closed at 2447 points. The C ...


Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA
India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Cle ...


Friday, 02 July 10
DRY BULK MARKET ON A FREEFALL, REACHING ITS LOWEST IN 9 MONTHS
The Baltic Dry Index is off to break more negative records this week, as the dry bulk shipping industry’s main benchmark has failed to find ro ...


   1147 1148 1149 1150 1151   
Showing 5741 to 5745 news of total 6871
News by Category
Popular News
 
Total Members : 28,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Petrochimia International Co. Ltd.- Taiwan
  • Straits Asia Resources Limited - Singapore
  • Minerals Council of Australia
  • J M Baxi & Co - India
  • EMO - The Netherlands
  • Miang Besar Coal Terminal - Indonesia
  • Clarksons - UK
  • Siam City Cement - Thailand
  • Vizag Seaport Private Limited - India
  • Jindal Steel & Power Ltd - India
  • Infraline Energy - India
  • BRS Brokers - Singapore
  • Bangkok Bank PCL
  • JPMorgan - India
  • Xindia Steels Limited - India
  • Port Waratah Coal Services - Australia
  • Reliance Power - India
  • BNP Paribas - Singapore
  • U S Energy Resources
  • Wilmar Investment Holdings
  • Singapore Mercantile Exchange
  • Ministry of Mines - Canada
  • Inspectorate - India
  • White Energy Company Limited
  • Russian Coal LLC
  • Platou - Singapore
  • Surastha Cement
  • ING Bank NV - Singapore
  • Electricity Authority, New Zealand
  • CCIC - Indonesia
  • Merrill Lynch Commodities Europe
  • Pipit Mutiara Jaya. PT, Indonesia
  • Sarangani Energy Corporation, Philippines
  • SMC Global Power, Philippines
  • Ince & co LLP
  • CESC Limited - India
  • Deutsche Bank - India
  • Gujarat Mineral Development Corp Ltd - India
  • Orica Australia Pty. Ltd.
  • Shree Cement - India
  • Trasteel International SA, Italy
  • ACC Limited - India
  • Indika Energy - Indonesia
  • TANGEDCO India
  • SMG Consultants - Indonesia
  • Central Electricity Authority - India
  • Sucofindo - Indonesia
  • SASOL - South Africa
  • Semirara Mining Corp, Philippines
  • San Jose City I Power Corp, Philippines
  • Global Coal Blending Company Limited - Australia
  • MEC Coal - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Mintek Dendrill Indonesia
  • SRK Consulting
  • Bank of China, Malaysia
  • Shenhua Group - China
  • Banpu Public Company Limited - Thailand
  • Anglo American - United Kingdom
  • Glencore India Pvt. Ltd
  • IHS Mccloskey Coal Group - USA
  • Toyota Tsusho Corporation, Japan
  • Enel Italy
  • Coal India Limited
  • Directorate Of Revenue Intelligence - India
  • Vale Mozambique
  • New Zealand Coal & Carbon
  • Siam City Cement PLC, Thailand
  • Lanco Infratech Ltd - India
  • Qatrana Cement - Jordan
  • Energy Development Corp, Philippines
  • Power Finance Corporation Ltd., India
  • Pendopo Energi Batubara - Indonesia
  • Cebu Energy, Philippines
  • Ind-Barath Power Infra Limited - India
  • Sree Jayajothi Cements Limited - India
  • Deloitte Consulting - India
  • Vedanta Resources Plc - India
  • Borneo Indobara - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Bank of America
  • Ministry of Finance - Indonesia
  • Chamber of Mines of South Africa
  • Planning Commission, India
  • globalCOAL - UK
  • GB Group - China
  • Thailand Anthracite
  • Indonesia Power. PT
  • Adani Power Ltd - India
  • The India Cements Ltd
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Kartika Selabumi Mining - Indonesia
  • CIMB Investment Bank - Malaysia
  • Meralco Power Generation, Philippines
  • WorleyParsons
  • Posco Energy - South Korea
  • JPower - Japan
  • CNBM International Corporation - China
  • Mjunction Services Limited - India
  • Savvy Resources Ltd - HongKong
  • Indorama - Singapore
  • PetroVietnam
  • Sindya Power Generating Company Private Ltd
  • Manunggal Multi Energi - Indonesia
  • Geoservices-GeoAssay Lab
  • Indian School of Mines
  • Essar Steel Hazira Ltd - India
  • Gujarat Sidhee Cement - India
  • NTPC Limited - India
  • OCBC - Singapore
  • Chettinad Cement Corporation Ltd - India
  • Petrosea - Indonesia
  • Britmindo - Indonesia
  • Thai Mozambique Logistica
  • Simpson Spence & Young - Indonesia
  • Mitsui
  • Total Coal South Africa
  • Arch Coal - USA
  • Tanito Harum - Indonesia
  • ANZ Bank - Australia
  • IMC Shipping - Singapore
  • Rudhra Energy - India
  • Indian Oil Corporation Limited
  • Ambuja Cements Ltd - India
  • GHCL Limited - India
  • GAC Shipping (India) Pvt Ltd
  • Runge Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Barclays Capital - USA
  • Gupta Coal India Ltd
  • Africa Commodities Group - South Africa
  • Lafarge - France
  • Heidelberg Cement - Germany
  • Samtan Co., Ltd - South Korea
  • Coal and Oil Company - UAE
  • MS Steel International - UAE
  • Billiton Holdings Pty Ltd - Australia
  • Cement Manufacturers Association - India
  • Interocean Group of Companies - India
  • Altura Mining Limited, Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Dalmia Cement Bharat India
  • UBS Singapore
  • ETA - Dubai
  • TNPL - India
  • Thomson Reuters GRC
  • Mercator Lines Limited - India
  • McKinsey & Co - India
  • Edison Trading Spa - Italy
  • Maharashtra Electricity Regulatory Commission - India
  • Cigading International Bulk Terminal - Indonesia
  • World Coal - UK
  • Bhatia International Limited - India
  • World Bank
  • Core Mineral Indonesia
  • GMR Energy Limited - India
  • PLN - Indonesia
  • Mercuria Energy - Indonesia
  • Parry Sugars Refinery, India
  • Antam Resourcindo - Indonesia
  • Metalloyd Limited - United Kingdom
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Thermax Limited - India
  • PNOC Exploration Corporation - Philippines
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • The University of Queensland
  • SGS (Thailand) Limited
  • Marubeni Corporation - India
  • Moodys - Singapore
  • Cemex - Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • KEPCO - South Korea
  • Agrawal Coal Company - India
  • Independent Power Producers Association of India
  • Baramulti Group, Indonesia
  • Videocon Industries ltd - India
  • Australian Coal Association
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Panama Canal Authority
  • Permata Bank - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Inco-Indonesia
  • Maruti Cements - India
  • Timah Investasi Mineral - Indoneisa
  • Kobexindo Tractors - Indoneisa
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • AsiaOL BioFuels Corp., Philippines
  • Freeport Indonesia
  • Uttam Galva Steels Limited - India
  • Therma Luzon, Inc, Philippines
  • Peabody Energy - USA
  • Asia Cement - Taiwan
  • Parliament of New Zealand
  • Arutmin Indonesia
  • Medco Energi Mining Internasional
  • HSBC - Hong Kong
  • Tata Power - India
  • Bulk Trading Sa - Switzerland
  • Berau Coal - Indonesia
  • Credit Suisse - India
  • India Bulls Power Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • PetroVietnam Power Coal Import and Supply Company
  • Star Paper Mills Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Madhucon Powers Ltd - India
  • Karaikal Port Pvt Ltd - India
  • Sojitz Corporation - Japan
  • Renaissance Capital - South Africa
  • Kideco Jaya Agung - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Cardiff University - UK
  • TGV SRAAC LIMITED, India
  • Bukit Makmur.PT - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Orica Mining Services - Indonesia
  • Makarim & Taira - Indonesia
  • Mitsubishi Corporation
  • LBH Netherlands Bv - Netherlands
  • OPG Power Generation Pvt Ltd - India
  • Commonwealth Bank - Australia
  • South Luzon Thermal Energy Corporation
  • The State Trading Corporation of India Ltd
  • Latin American Coal - Colombia
  • APGENCO India
  • Tata Chemicals Ltd - India
  • Standard Chartered Bank - UAE
  • IBC Asia (S) Pte Ltd
  • Malco - India
  • Thriveni
  • DBS Bank - Singapore
  • Coastal Gujarat Power Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Bhushan Steel Limited - India
  • Electricity Generating Authority of Thailand
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Thiess Contractors Indonesia
  • Economic Council, Georgia
  • CoalTek, United States
  • Bahari Cakrawala Sebuku - Indonesia
  • Fearnleys - India
  • Central Java Power - Indonesia
  • Kobe Steel Ltd - Japan
  • Neyveli Lignite Corporation Ltd, - India
  • Wood Mackenzie - Singapore
  • Malabar Cements Ltd - India
  • Bangladesh Power Developement Board
  • Jatenergy - Australia
  • TRAFIGURA, South Korea
  • Grasim Industreis Ltd - India
  • ASAPP Information Group - India
  • Oldendorff Carriers - Singapore
  • PLN Batubara - Indonesia
  • RBS Sempra - UK
  • Semirara Mining and Power Corporation, Philippines
  • Carbofer General Trading SA - India
  • Coalindo Energy - Indonesia
  • IOL Indonesia
  • McConnell Dowell - Australia
  • SUEK AG - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Binh Thuan Hamico - Vietnam
  • Leighton Contractors Pty Ltd - Australia
  • Cosco
  • Global Green Power PLC Corporation, Philippines
  • Aboitiz Power Corporation - Philippines
  • Eastern Energy - Thailand
  • Gujarat Electricity Regulatory Commission - India
  • bp singapore
  • Attock Cement Pakistan Limited
  • Sinarmas Energy and Mining - Indonesia
  • Barasentosa Lestari - Indonesia
  • Noble Europe Ltd - UK
  • Kalimantan Lumbung Energi - Indonesia
  • Indian Energy Exchange, India
  • ICICI Bank Limited - India
  • Georgia Ports Authority, United States
  • Argus Media - Singapore
  • Pinang Coal Indonesia
  • Formosa Plastics Group - Taiwan
  • Australian Commodity Traders Exchange
  • Price Waterhouse Coopers - Russia
  • Eastern Coal Council - USA
  • Japan Coal Energy Center
  • Kapuas Tunggal Persada - Indonesia
  • Bhoruka Overseas - Indonesia
  • Petron Corporation, Philippines
  • Indonesian Coal Mining Association
  • Salva Resources Pvt Ltd - India
  • London Commodity Brokers - England
  • Vitol - Bahrain
  • Coaltrans Conferences
  • Mechel - Russia
  • Aditya Birla Group - India
  • Rio Tinto Coal - Australia
  • Kaltim Prima Coal - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Global Business Power Corporation, Philippines
  • Maheswari Brothers Coal Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Romanian Commodities Exchange
  • Indogreen Group - Indonesia
  • Maybank - Singapore
  • Bharathi Cement Corporation - India
  • Globalindo Alam Lestari - Indonesia
  • Larsen & Toubro Limited - India
  • Indo Tambangraya Megah - Indonesia
  • GNFC Limited - India
  • Goldman Sachs - Singapore
  • Rashtriya Ispat Nigam Limited - India
  • Asian Development Bank
  • Gresik Semen - Indonesia
  • Maersk Broker
  • EIA - United States
  • NALCO India
  • KPMG - USA
  • Xstrata Coal
  • Iligan Light & Power Inc, Philippines
  • Tamil Nadu electricity Board
  • TeaM Sual Corporation - Philippines
  • Humpuss - Indonesia
  • Sical Logistics Limited - India
  • PTC India Limited - India
  • Kumho Petrochemical, South Korea
  • European Bulk Services B.V. - Netherlands
  • Mitra SK Pvt Ltd - India
  • GN Power Mariveles Coal Plant, Philippines
  • Kohat Cement Company Ltd. - Pakistan
  • Idemitsu - Japan
  • UOB Asia (HK) Ltd
  • VISA Power Limited - India
  • Jaiprakash Power Ventures ltd
  • Adaro Indonesia
  • Intertek Mineral Services - Indonesia
  • Coal Orbis AG
  • The Treasury - Australian Government
  • KOWEPO - South Korea
  • KPCL - India
  • Ernst & Young Pvt. Ltd.
  • Riau Bara Harum - Indonesia
  • Merrill Lynch Bank
  • PowerSource Philippines DevCo
  • Sakthi Sugars Limited - India
  • Cargill India Pvt Ltd
  • Coeclerici Indonesia
  • Ministry of Transport, Egypt
  • IEA Clean Coal Centre - UK
  • International Coal Ventures Pvt Ltd - India
  • Samsung - South Korea
  • GVK Power & Infra Limited - India
  • Platts
  • Energy Link Ltd, New Zealand