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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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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- The University of Queensland
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
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