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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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Friday, 28 April 17
U.S PRODUCED LESS COAL THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14 million short tons ( ...
Friday, 28 April 17
DELTA DUNIA RECORDED $24 MILLION NET PROFIT FOR FIRST QUARTER OF 2017; UP 700% Y/Y
COALspot.com: PT Delta Dunia Makmur Tbk. has announced its financial results for the first quarter of 2017 yesterday. According to the ...
Thursday, 27 April 17
PACIFIC IS SOFTENING WITH MORE TONNAGE OPENING AND LESS COAL ORDERS AROUND - FEARNLEYS
Supramax
Relatively slow week, with both basins showing signs of cooling down. Although grain cargoes out ECSA and ECCA on Ultras still delivered ...
Wednesday, 26 April 17
IRON ORE PRICES HAVE BEEN ON A ROLLERCOASTER RIDE OVER THE LAST MONTH - CHRISTOPHER WHITTY
Iron ore prices have been on a rollercoaster ride over the last month. Prices started the year on a very positive note, surging up to their highest ...
Tuesday, 25 April 17
FIONA POUNDS: VALID TENDER OF NOTICE OF READINESS
KNOWLEDGE TO ELEVATE
In the recent English High Court case of MV Arundel Castle1, the Judge ruled that a vessel, that could not immediately pr ...
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- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
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- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
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- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
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- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
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- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- The University of Queensland
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- European Bulk Services B.V. - Netherlands
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- Bulk Trading Sa - Switzerland
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- CNBM International Corporation - China
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- Price Waterhouse Coopers - Russia
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- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
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- Mercuria Energy - Indonesia
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- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
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- Latin American Coal - Colombia
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- Electricity Authority, New Zealand
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- Orica Australia Pty. Ltd.
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- Coal and Oil Company - UAE
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Planning Commission, India
- GMR Energy Limited - India
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
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- Cement Manufacturers Association - India
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- Romanian Commodities Exchange
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- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
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- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
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- Economic Council, Georgia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
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- Bangladesh Power Developement Board
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- Ceylon Electricity Board - Sri Lanka
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Aditya Birla Group - India
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- Ministry of Mines - Canada
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- Australian Coal Association
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- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
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- Pipit Mutiara Jaya. PT, Indonesia
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- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
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