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, 21 March 17
DESPITE THE CHALLENGING MARKET SITUATION IN 2016 THE DELTA DUNIA MAKMUR HAS ACHIEVED A NET PROFIT OF US$37 MILLION
Delta DuniaCOALspot.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.


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

Recent News

Friday, 24 March 17
ADARO INDONESIA'S COAL SALES VOLUME INCREASED SLIGHTLY TO 54.1 MILLION TONES IN 2016
COALspot.com: PT. Adaro Indonesia, Indonesia’s second largest coal miner’s sales volume increased slightly to 54.1 million tones (Mt) i ...


Friday, 24 March 17
U.S COAL PRODUCTION ESTIMATE DECLINE 4.4% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.1 million short tons ...


Thursday, 23 March 17
CAPESIZE: TAKING A BREATHER AFTER RALLYING - BUT OUTLOOK FOR WEEKS TO COME NOT SCARY - FEARNLEYS
Supramax In the Pacific the market seems somewhat slower this week, although healthy rates still being achieved said Fearnleys in its latest week ...


Thursday, 23 March 17
KOREA MIDLAND POWER COMPANY LIMITED INVITES BIDS FOR TOTAL 4.77 MILLION TONS OF BITUMINOUS COAL FOR ITS BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 2,090,000  Metric Tons of Bituminous coal f ...


Wednesday, 22 March 17
THE DRY BULK MARKET HAS UNDOUBTEDLY REBOUNDED SINCE THE SAME PERIOD LAST YEAR - KONSTANTINOS KONTOMICHIS
The Dry Bulk market has undoubtedly rebounded since the same period last year and currently enjoys healthier freight rates. The positive reversal i ...


   417 418 419 420 421   
Showing 2091 to 2095 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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