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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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Wednesday, 30 June 21
MARKET INSIGHT - INTERMODAL
The strong freight performance since the beginning of year has continued for the dry bulk market with earnings being at the highest level in over a ...
Monday, 28 June 21
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA THREATENS TO REVOKE 2,350 MINING BUSINESS PERMITS
The Ministry of Energy and Mineral Resources said that the revocation of mining business permits was in accordance with President Jokowi's inst ...
Sunday, 27 June 21
INDONESIA'S STATE-OWNED UTILITY PLN'S 2060 NET ZERO AMBITION NOT WITHOUT FLAWS AND GAPS - IEEFA
Indonesia on the right emissions reduction pathway but same old coal stories persist
Recent announcements by Indonesia’s state-owned uti ...
Saturday, 26 June 21
COAL PRICES HIT DECADE HIGH DESPITE EFFORTS TO WEAN THE WORLD OFF CARBON - WSJ
Rebounding electricity usage and scanty rainfall in China have added fuel to the rally
Coal prices have climbed to their highest lev ...
Saturday, 26 June 21
KOSPO INVITED BIDS FOR 480,000 MT OF COAL PER ANNUM
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 480,000 MT of NCV 1 Min. 5,600 (Spec 1) /Min. 5,0 ...
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- Commonwealth Bank - Australia
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- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
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- Ind-Barath Power Infra Limited - India
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- The Treasury - Australian Government
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- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
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- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
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- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
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- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
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- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ceylon Electricity Board - Sri Lanka
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- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
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- Renaissance Capital - South Africa
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- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
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- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
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- Metalloyd Limited - United Kingdom
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- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
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- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
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