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Tuesday, 21 March 17
DESPITE THE CHALLENGING MARKET SITUATION IN 2016 THE DELTA DUNIA MAKMUR HAS ACHIEVED A NET PROFIT OF US$37 MILLION
 COALspot.com: PT Delta Dunia Makmur Tbk. has announced its financial results for the period ended December 31, 2016.
Despite challenging market situation for most of 2016, the Company has managed to turn around its operations and recorded net profit of US$37 million compared to net loss of US$ 8 million in 2015.
According to the press release from the company, the Company delivered overburden removal of 299.8 million bcm and coal of 35.1 million ton. Net revenue increased from USD566 million in 2015 to US$ 611 million in 2016. EBITDA also improved from US$186 million to US$217 million in 2016 as the result of improvement in volume, productivity and various cost efficiency measures.
The press release further noted that the company has generated free cash flows of US$107 million after investment of US$126 million in capital expenditure. Outstanding debt was reduced by a net of US$ 73 million throughout 2016, resulting in net debt position of US$497 million and net debt to EBITDA ratio of 2.3x.
As announced previously, the company said, the Company has signed several contracts throughout 2016 consisting mostly of contract extensions to life of mine and some, with significant additional volume.
Contracts signed were
(i) contract extension with PT Tadjahan Antang Mineral valued at ~US$288 million,
(ii) contract amendments with PT Berau Coal valued at ~US$3 billion,
(iii) with PT UPS Sidrap Bayu Energy valued at ~US$4 million,
(iv) contract extension with PT Adaro Indonesia valued at ~US$428 million, and
(v) a new contract with PT Angsana Jaya Energi valued at ~US$66 million.
The company further said the total contract on hand with customers is around US$ 5 billion.
With the turnaround of the operations, existing contract on hand, much-improved balance sheets position and the recovery of coal price; the management believes that this is an exciting time and the Company looks forward to profitable growth in the future, the company has concluded.
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Monday, 08 May 17
US WEEKLY COAL OUTPUT ON THE DOWN - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.8 million short tons ...
Thursday, 04 May 17
SUPRAMAX: INDO COAL ROUNDS LEVELS WITH DELIVERY CHINA IS TRADING AROUND LOW $6K, TRIP BACK TO CHINA
Supramax
The short week brought weaker rates across all routes. Supras from USG to Japan were fixed around $19-20 k daily and from ECSA to ECI $1 ...
Wednesday, 03 May 17
MALAYSIA SEEMS AS BIGGEST ADARO COAL IMPORTER IN Q1' 17
COALspot.com: In 1Q17, 30% of Adaro's sales went to Indonesia, the data from unaudited consolidated financial statement shows.
Malaysia ca ...
Wednesday, 03 May 17
MARKET INSIGHT - STELIOS KOLLINTZAS
The overall performance of each sector within the edible oil markets has remained poor for the past weeks. Apart from the veg oil exports fro ...
Tuesday, 02 May 17
THE FREIGHT MARKET CONTINUE TO SLUMP THIS PAST WEEK
COALspot.com: The Freight market continues to slump this past week, as all segments except Handy Size show a negative downward trend.
The Balt ...
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- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
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- Anglo American - United Kingdom
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- The University of Queensland
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
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- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
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- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
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- MS Steel International - UAE
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- Planning Commission, India
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- Minerals Council of Australia
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- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
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- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
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- Directorate Of Revenue Intelligence - India
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- Energy Link Ltd, New Zealand
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- Antam Resourcindo - Indonesia
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- SMC Global Power, Philippines
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- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
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- Xindia Steels Limited - India
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- Edison Trading Spa - Italy
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- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
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- Medco Energi Mining Internasional
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- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
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- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Australian Coal Association
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- Ministry of Finance - Indonesia
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- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
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- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Central Electricity Authority - India
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- Australian Commodity Traders Exchange
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- Grasim Industreis Ltd - India
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- Petron Corporation, Philippines
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- Mintek Dendrill Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
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- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
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- London Commodity Brokers - England
- ICICI Bank Limited - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
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- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
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- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
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- Ind-Barath Power Infra Limited - India
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- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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