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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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Monday, 08 May 17
US WEEKLY COAL OUTPUT ON THE DOWN - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.8 million short tons ...
Thursday, 04 May 17
SUPRAMAX: INDO COAL ROUNDS LEVELS WITH DELIVERY CHINA IS TRADING AROUND LOW $6K, TRIP BACK TO CHINA
Supramax
The short week brought weaker rates across all routes. Supras from USG to Japan were fixed around $19-20 k daily and from ECSA to ECI $1 ...
Wednesday, 03 May 17
MALAYSIA SEEMS AS BIGGEST ADARO COAL IMPORTER IN Q1' 17
COALspot.com: In 1Q17, 30% of Adaro's sales went to Indonesia, the data from unaudited consolidated financial statement shows.
Malaysia ca ...
Wednesday, 03 May 17
MARKET INSIGHT - STELIOS KOLLINTZAS
The overall performance of each sector within the edible oil markets has remained poor for the past weeks. Apart from the veg oil exports fro ...
Tuesday, 02 May 17
THE FREIGHT MARKET CONTINUE TO SLUMP THIS PAST WEEK
COALspot.com: The Freight market continues to slump this past week, as all segments except Handy Size show a negative downward trend.
The Balt ...
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- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
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- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
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- Economic Council, Georgia
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- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
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- Mintek Dendrill Indonesia
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- ICICI Bank Limited - India
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- Formosa Plastics Group - Taiwan
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- Global Coal Blending Company Limited - Australia
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- Antam Resourcindo - Indonesia
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- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
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- Bangladesh Power Developement Board
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- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- The University of Queensland
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
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- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
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- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
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- Riau Bara Harum - Indonesia
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- Samtan Co., Ltd - South Korea
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- Power Finance Corporation Ltd., India
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- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
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- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
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- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
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- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
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- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
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- GMR Energy Limited - India
- London Commodity Brokers - England
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- Romanian Commodities Exchange
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- Chamber of Mines of South Africa
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- Parry Sugars Refinery, India
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- Simpson Spence & Young - Indonesia
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- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
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- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
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- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
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