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Tuesday, 02 September 14
BERAU COAL HAS AWARDED A CONTRACT EXTENSION TO BUMA FOR 647 MLN BCM OVERBURDEN REMOVAL
 COALspot.com: PT Delta Dunia Makmur Tbk (“DOID”) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama (“BUMA”), has signed a contract amendment with PT Berau Coal (“Berau”) to remove total 647 mn bcm Overburden and produce 67.9mn tons coal.
The company further said its press release today, although coal market is still relatively weak, BUMA continues to provide quality service and continuous improvement on operational performance for its customers. As a result, BUMA was awarded with higher volumes from one of its major customers, Berau, while the contract period for the Binungan site has extended until 2019 from 2018.
The amended contracts are for overburden removal, coal hauling, and equipment rental for the mining site of Lati and Binungan within Berau coal concession.
The contract volume on average is expected to increase by 26% per annum from BUMA’s current production level at Berau coal. Total contract value is approximately US$ 1.2 billion for 5 years.
According to press release, BUMA has assigned to remove 255 million bcm of Overburden and 24.70 million tons coal production in Lati site and 392 mn bcm of Overburden and 43.2 mn tons coal in Binungan site.
The contract extension and additional volumes provide BUMA with stronger financial position and will positively drive achievements toward its goal, the company said.
"The amended contracts serve as proof of BUMA’s commitment to excellence as it remains one of the largest mining contractors in Indonesia," said company.
PT Delta Dunia Makmur Tbk
DOID was established in 1990 and through its primary subsidiary, BUMA, is one of the largest coal mining contractors in Indonesia, based on production volumes. As of and for the year ended 30 June 2014, DOID had net revenues of US$ 303 million, operating income of US$ 37 million and assets totaling US$ 1.08 billion. DOID is listed on the Main Board of the Indonesian Stock Exchange (IDX ticker: DOID). DOID is headquartered in Jakarta, Indonesia.
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Saturday, 30 August 14
RECOVERY IN SIGHT FOR THE DRY BULK SHIPPING MARKET - DREWRY SHIPPING CONSULTANTS
Despite weak freight rates so far this year, Dry Bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities ...
Friday, 29 August 14
U.S. WEEKLY COAL PRODUCTION DROPS 1.3 PERCENT, EIA SAYS
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...
Friday, 29 August 14
ADARO'S PROFITS SINK FURTHER AMID FALL IN COAL PRICES - JP
Adaro Energy, one of the country’s largest coal miners, has reported a 31 percent drop in net profit in the first half of this year as global ...
Friday, 29 August 14
CHINESE LIGNITE IMPORTS: QUANTITY OVER QUALITY? - CLARKSONS
In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Mea ...
Thursday, 28 August 14
PANAMAX: OWNERS CAN GET AROUND USD 16000 FOR A FRONTHAUL; PERIOD MARKET - VERY QUIET - FEARNLEYS
Handy
The activity and sentiment is improving in the Atlantic with the general TA rate is up about US$ 800 w-o-w. We see more South American carg ...
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- Maheswari Brothers Coal Limited - India
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- PowerSource Philippines DevCo
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- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
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- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
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- The State Trading Corporation of India Ltd
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- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
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- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
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- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
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- Renaissance Capital - South Africa
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- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
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- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
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- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
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- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- London Commodity Brokers - England
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
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- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
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- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
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- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
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- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
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- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
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- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
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