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Wednesday, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
 PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the provision of mining services contracts with PT Adaro Indonesia (“Adaro”), in relation to its Tutupan Mine Operation. The mining services contracts includes services for overburden removal and coal extraction. Tutupan is a project located in Tabalong Districts, South Kalimantan and Barito Selatan Districts, Central Kalimantan.
According to the press release, the term of the contract is until December 2025 with total contracted volume of over 234 million bcm of overburden removal and over 44 million tonnes of coal to be extracted. Average annual production is expected to be within the range of 30-70 million bcm of overburden removal and 5.0 – 12.0 million tonnes of coal.
The company further noted in its press release, Adaro is a long-time customer of BUMA. The new contract reflects continued trust and is expected to further strengthen the relationship between the two parties going forward.
BUMA says, BUMA continues to explore opportunities and pursue discussions with both existing and new potential customers for new contracts. BUMA remains committed to optimize the utilization of its assets and resources, prudently manage its working capital and investments, and maintain a sustainable debt structure, in order to deliver results to its stakeholders.
In January 2021, BUMA entered into an extension agreement with IPR on its mine located in Tabang, the Kutai Kartanegara Regency, Province of East Kalimantan. The agreement extends the existing contract to December 2031, and includes a significant expansion of the work entailed, providing additional volume of over 650 million bcm of overburden removal, over 210 million tonnes of coal to be extracted and over 75 million tonnes of coal to be hauled.
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Friday, 09 July 21
CAN WE EXPECT AFFORDABLE POWER SUPPLY BY REPLACING COAL BASED POWER WITH LNG? - FINANCIAL EXPRESS
Bangladesh government’s recent decision to cancel the contracts for 10 coal fired power plants in late June 2021 has invited interest in the ...
Thursday, 08 July 21
STRONGEST HALF YEAR FOR SHIPPING MARKETS SINCE 2008 - CLARKSONS
A year on from peak trade disruption, we update our half year report for the shipping industry profiling a strong recovery and some exceptional ind ...
Tuesday, 06 July 21
INDONESIA COAL PRICE REFERENCE RISES TO 112 MONTHS HIGH IN JULY 2021; 121.15% HIGHER COMPARED TO THAT IN JULY 2020 PRICE
COALspot.com: The Indonesia coal price reference for July 2021 fixed at US$ 115.35 per ton FOB vessel.
The Indonesia coal price referenc ...
Tuesday, 06 July 21
INDONESIAN COAL EXPORTS FELL BY 37% YOY IN 1Q21 DUE TO ADVERSE WEATHER CONDITIONS - FITCH RATINGS
Chinese coal imports declined by 25% yoy in 5M21as a result of both restrictions on Australian coal and the high base in 2020. Import volume in Jan ...
Tuesday, 06 July 21
INDONESIAN 4,200 INDEX HAS ALSO INCREASED TO OVER USD50 PER TONNE SINCE MAY THIS YEAR REFLECTING STRONG CHINESE IMPORT DEMAND - FITCH RATINGS
Price Surge Since March
APAC thermal coal has resumed its price surge since March this year. The benchmark Newcastle 6,000kcal/kg grade c ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Australian Coal Association
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- The University of Queensland
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
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