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Monday, 07 August 17
BUMA SIGNED $385 MILLION WORTH OF NEW CONTRACT WITH PT PADA IDI
BUMA LogoCOALspot.com: PT Delta Dunia Makmur Tbk., has announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into mining services contract with PT Pada Idi, a subsidiary of Petro Energy, who is engaged in the mining and energy business.

BUMA is expected to commence production of Pada Idi’s operation, located in North Barito Regency, Central Kalimantan, in the fourth quarter of 2017.

According to BUMA's news release, the long-term contract is expected to contribute over 200 million bcm of overburden and over 15 million tonnes of coal, and valued at over Rp 5 trillion or equivalent to approximately USD 385 million, over the tenor of contract. The contract serves as an opportunity for the Company and BUMA to develop another solid, long-term relationship with new, up-and-coming coal player with in-demand, good quality coal assets.

BUMA further said, the Company sees long term opportunities through this strategic entry with Petro Energy. This is in line with BUMA’s strategy to engage customers with great potentials of long-term sustainability and growth.


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Recent News

Friday, 04 August 17
IMPORTED COAL CONTINUES TO BE A COMPETITIVE, SAFE AND RELIABLE ENERGY SOURCE FOR GERMANY - VDKI
COALspot.com: Worldwide hard coal production in 2016 declined by 3.8% to 6.7 billion tonnes. According to the Germany Coal Importers Associati ...


Thursday, 03 August 17
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE GETTING FIXED AROUND MID $8000 - FEARNLEYS
In the Pacific rates have remained weak and under pressure this week with most routes softening. Indo/China coal rounds are getting fixed arou ...


Thursday, 03 August 17
BUMI RESOURCES COAL SALES RELATIVELY FLAT AT 41.5 MILLION TONS IN 1H' 17; REPORTS US$162.3 MILLION PROFIT IN FIRST SEMESTER
COALspot.com: The BUMI Resources, Indonesia’s one of the largest coal producer, has reported a net income of $162.3 million in 1H’ 17 c ...


Wednesday, 02 August 17
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
During the duration of the first half of the year, the dry bulk market saw intense buying interest that boosted SnP prices significantly. We saw a ...


Monday, 31 July 17
KOMIPO INVITES BIDS FOR 750K MT OF 5,700 KCAL/KG NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 750,000 Metric Tons of Bituminous coal for its B ...


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