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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, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Baramulti Group, Indonesia
- ICICI Bank Limited - India
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- Commonwealth Bank - Australia
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- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
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- Australian Coal Association
- Bhushan Steel Limited - India
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- Minerals Council of Australia
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- Ministry of Transport, Egypt
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- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
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- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
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- Parry Sugars Refinery, India
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- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
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- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
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- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
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- White Energy Company Limited
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- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
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- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
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- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
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- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
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- Georgia Ports Authority, United States
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- Ceylon Electricity Board - Sri Lanka
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- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
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- Essar Steel Hazira Ltd - India
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- SMG Consultants - Indonesia
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- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
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- Bukit Baiduri Energy - Indonesia
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