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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, 12 April 17
SHIPPING MARKET INSIGHT - VASSILIS VASSILIOU
The first quarter of 2017 started relatively busy for the ship repair sector, with most of the repair facilities being nearly fully occupied till t ...
Monday, 10 April 17
THE CAPE INDEX WAS DOWN BY 16.32% WEEK OVER WEEK
COALspot.com: The Freight market was steady week over a week except for Cape. The cape index was down 16.32 percent week over week.
The Baltic ...
Friday, 07 April 17
INDONESIAN GOVERNMENT DECLARED SPOT COAL PRICES STAGE FIRST INCREASE OF THE YEAR
COALspot.com: Indonesian government declared coal benchmark price rose slightly in April, government data showed.
The benchmark price of Indon ...
Friday, 07 April 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 06 April 17
PANAMAX: THE MARKET HAS CONTINUED THE FIRM SENTIMENT FROM LAST WEEK IN BOTH HEMISPHERES - FEARNLEYS
Supramax
With holidays in Asia, the week has started very slow in Pacific. Some fixtures have still been done and levels have remained quite stab ...
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Showing 2076 to 2080 news of total 6871 |
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- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Mjunction Services Limited - India
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- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
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- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
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- Australian Coal Association
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- Mercuria Energy - Indonesia
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- Kideco Jaya Agung - Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- McConnell Dowell - Australia
- India Bulls Power Limited - India
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- Metalloyd Limited - United Kingdom
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- Commonwealth Bank - Australia
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- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
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- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
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- Bhatia International Limited - India
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- Gujarat Electricity Regulatory Commission - India
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- Ministry of Transport, Egypt
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- IHS Mccloskey Coal Group - USA
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- The University of Queensland
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- Ministry of Finance - Indonesia
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- Uttam Galva Steels Limited - India
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- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
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- Coalindo Energy - Indonesia
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- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
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