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Tuesday, 08 May 18
BUMA SIGNED OVER US$1 BILLION WORTH OF NEW CONTRACT WITH PT INDONESIA PRATAMA
 PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, has entered into mining services contracts with PT Indonesia Pratama, a subsidiary of an IDX-listed PT Bayan Resources Tbk. IPR is a robust project with high reserve potentials located in Tabang, the Kutai Kartanegara Regency, Province of East Kalimantan.
According to the press release from Delta Dunia, the contract is approximately valued at Rp 14 trillion or equivalent to over US$1.0 billion, for expected total volume of 287 million bcm in overburden removal, and 96 million tonnes in coal under the mining services contracts. In addition, BUMA is expected to haul 95 million tonnes of coal under the coal transport contract. The contracts will last eight years to December 2025, with average annual production of 38 - 42 million bcm of overburden removal and 12 - 14 million tonnes of coal, after ramp-up. Production is expected to start in July 2018.
The company further said, the IPR contract reflects re-establishment of relationship with Bayan group, a notable name in Indonesia coal industry, with whom the Company worked in the recent past. The Company hopes to nurture strong relationship that would translate to long-term partnership.
Previous to IPR, BUMA recently signed three contracts, altogether valued at around US$1.0 billion. Including IPR, BUMA has secured a total of US$2.0 billion worth of contracts in 2018, bringing its total order book to US$7.0 billion. BUMA continues to pursue discussions related to both extensions and new contracts. In doing so, BUMA remains focused on attaining long-term sustainability and delivering profitable growth.
About PT Delta Dunia Makmur Tbk.
Delta Dunia Makmur was established in 1990 and through its primary subsidiary, BUMA, is the second largest coal mining contractors in Indonesia, based on production volumes, providing service to some of the largest coal producers in Indonesia.
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Tuesday, 11 August 15
GLOBAL PRODUCTION OF CRUDE STEEL REACHED A NEW ALL-TIME HIGH OF 1,661M TONNES IN 2014 - VDKI
COALpot.com: Global production of crude steel reached a new all-time high of 1,661m tonnes in 2014, said German Coal Importer Association, in its l ...
Tuesday, 11 August 15
2016 CFR S.CHINA COAL SWAPS CLOSED SLIGHTLY HIGHER THAN 4Q 2015 CLOSING PRICES; BUT NOT SIGNIFICANT
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US cents 10 (0.20%) per MT month over month.
A commodi ...
Monday, 10 August 15
SOUTH KOREAN UTILITY KOMIPO INVITES BITUMINOUS COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 560,000 Metric Tons (MT) of 4,600kcal/kg NAR c ...
Sunday, 09 August 15
THE PANAMAX MARKET HAS REMAINED WEAK THIS WEEK
COALspot.com: The freight market continued to be buoyant with cape index pushing the BDI.
The BDI was up 10.49% and closed at 1200 points on 7 ...
Friday, 07 August 15
COAL PRICE DEVELOPMENTS CAN ONLY BE DESCRIBED, SUCCINCTLY AS "OVERSUPPLY MEETS SUBDUED DEMAND" - VDKI
Coal Outlook 2015 – International
Regarding the outlook for global coal trading, two questions arise: firstly, “ whether the years of ...
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- CIMB Investment Bank - Malaysia
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- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- The University of Queensland
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- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
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- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
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- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
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- Economic Council, Georgia
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- Antam Resourcindo - Indonesia
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- Bhushan Steel Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
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- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
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- LBH Netherlands Bv - Netherlands
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- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
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- Indika Energy - Indonesia
- White Energy Company Limited
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
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- MS Steel International - UAE
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- Wilmar Investment Holdings
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- South Luzon Thermal Energy Corporation
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
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- The State Trading Corporation of India Ltd
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- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
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- VISA Power Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
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- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Ministry of Transport, Egypt
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- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
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- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
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