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Tuesday, 21 March 17
DESPITE THE CHALLENGING MARKET SITUATION IN 2016 THE DELTA DUNIA MAKMUR HAS ACHIEVED A NET PROFIT OF US$37 MILLION
 COALspot.com: PT Delta Dunia Makmur Tbk. has announced its financial results for the period ended December 31, 2016.
Despite challenging market situation for most of 2016, the Company has managed to turn around its operations and recorded net profit of US$37 million compared to net loss of US$ 8 million in 2015.
According to the press release from the company, the Company delivered overburden removal of 299.8 million bcm and coal of 35.1 million ton. Net revenue increased from USD566 million in 2015 to US$ 611 million in 2016. EBITDA also improved from US$186 million to US$217 million in 2016 as the result of improvement in volume, productivity and various cost efficiency measures.
The press release further noted that the company has generated free cash flows of US$107 million after investment of US$126 million in capital expenditure. Outstanding debt was reduced by a net of US$ 73 million throughout 2016, resulting in net debt position of US$497 million and net debt to EBITDA ratio of 2.3x.
As announced previously, the company said, the Company has signed several contracts throughout 2016 consisting mostly of contract extensions to life of mine and some, with significant additional volume.
Contracts signed were
(i) contract extension with PT Tadjahan Antang Mineral valued at ~US$288 million,
(ii) contract amendments with PT Berau Coal valued at ~US$3 billion,
(iii) with PT UPS Sidrap Bayu Energy valued at ~US$4 million,
(iv) contract extension with PT Adaro Indonesia valued at ~US$428 million, and
(v) a new contract with PT Angsana Jaya Energi valued at ~US$66 million.
The company further said the total contract on hand with customers is around US$ 5 billion.
With the turnaround of the operations, existing contract on hand, much-improved balance sheets position and the recovery of coal price; the management believes that this is an exciting time and the Company looks forward to profitable growth in the future, the company has concluded.
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Wednesday, 05 July 17
TROUBLE SEEMS TO BE LOOMING ONCE MORE IN THE STEEL INDUSTRY - GEORGE LAZARIDIS
Trouble seems to be looming once more in the steel industry as US President Trump puts forth his plans for specialist protectionist measures for th ...
Friday, 30 June 17
U.S. WEEKLY COAL OUTPUT SLIGHTLY DOWN
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.6 million short tonn ...
Wednesday, 28 June 17
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
From the beginning of the year until now SnP activity has changed significantly. To put things into perspective, after a fast and furious q1 on the ...
Monday, 26 June 17
PANAMAX/KAMARMAXES HAD A STRONG WEEK WITH RATES RISING IN MOST AREAS OF THE MARKET - BALTICEXCHANGE
Capesize
A dark cloud appeared to have descended over the market for the big ships with rates continuing to slide in all areas. There was a repor ...
Friday, 23 June 17
U.S. WEEKLY COAL PRODUCTION TOTALED APPROXIMATELY 15.8 MMST; UP 1.8% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.8 million short tonn ...
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Showing 2016 to 2020 news of total 6871 |
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- Edison Trading Spa - Italy
- Planning Commission, India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- The University of Queensland
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- London Commodity Brokers - England
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- Thai Mozambique Logistica
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- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
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- Coal and Oil Company - UAE
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- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Eastern Coal Council - USA
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
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- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
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- Siam City Cement PLC, Thailand
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- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
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- Binh Thuan Hamico - Vietnam
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- Indonesian Coal Mining Association
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- India Bulls Power Limited - India
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- Minerals Council of Australia
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- Georgia Ports Authority, United States
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- Alfred C Toepfer International GmbH - Germany
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- Electricity Authority, New Zealand
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- Australian Coal Association
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- GVK Power & Infra Limited - India
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- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
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