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Monday, 19 September 22
BUMA AUSTRALIA AWARDED A$400 MILLION CONTRACT EXTENSION BY BMA FOR GOONYELLA PROJECT
 Press Release – PT Delta Dunia Makmur Tbk. (the "Company") announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), through its Australian subsidiary, BUMA Australia Pty Ltd ("BUMA Australia"), has been awarded a contract extension by BHP and Mitsubishi Alliance ("BMA"), to continue providing mining services at the Goonyella Riverside mine ("Goonyella"), a metallurgical coal mine located in the Bowen Basin in central Queensland, Australia.
The contract extension from BMA is valued at AUD400 million for over a three-year term, with the option to extend for another two years, with an average annual production expected to be 36 mbcm p.a.
Ronald Sutardja, President Director of PT Delta Dunia Makmur Tbk, commented, "We are proud of our long relationships with the BMA, Australia’s largest producer and supplier of seaborne metallurgical coal and delighted to be awarded this contract extension of the Goonyella mine, which is a testament to the excellent working relationship and deep trust established between BUMA Australia and BMA together with its joint venture participants, over the last fourteen years. This extension also reflects BUMA Australia's professional team's track record of safe, efficient, and consistent delivery of mining services for BMA coal mine projects.”
The renewed contract is the third contract win for BUMA Australia in 2022 and a manifestation of the Company’s strategy to further expand the business, especially in Australia. On 22 February 2022, BUMA Australia announced that it had secured a new AUD550 million contract extension at BMA’s Blackwater mine. On 10 May 2022, it announced a new AUD320 million, three-year contract with Bowen Coking Coal’s Broadmeadow East coking coal project, with the option to extend for a further year.
The strategy plays a pivotal role in the Company’s soaring performance in the first half of 2022. The Company posted revenues of USD723 million, a rock-solid increase of 107% compared to the same period in 2021. Overburden removal and coal production were recorded at 260 million BCM and 41 million tonnes, with significant growth of 83% and 64% year-on-year, respectively. The Company's EBITDA in the first half of 2022 reached USD164 million, while the EBITDA margin stood well at 26%, increasing by 125% year-on-year. As a result of better operational efficiency, the Company also recorded a net profit of USD6 million.
"The new contract is also an expression of confidence in our capabilities and performance as one of the largest mining operators in Indonesia and Australia. Hopefully, we can maintain the positive momentum and keep seizing opportunities for future business growth," Ronald concluded.
About PT Delta Dunia Makmur Tbk.
PT Delta Dunia Makmur Tbk. was established in 1990 and through its primary subsidiary, PT Bukit Makmur Utama (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. PT Delta Dunia Makmur Tbk. is listed on the Main Board of the Indonesian Stock Exchange (IDX ticker: DOID). DOID is headquartered in Jakarta, Indonesia.
About BUMA Australia
BUMA Australia was established in 2021 to acquire the Open Cut Mining business of Downer (which has been in continuous operation since 1922). This acquisition included the transition of people, mining services contracts, assets, systems and IP from a business which successfully provided mining services in diverse locations and across many commodities. With a strong focus on delivering optimal outcomes for clients and a strong commitment to safety, innovation, and technology, BUMA Australia is one of Australia’s leading mining contractors.
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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Australian Coal Association
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
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