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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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Thursday, 20 April 17
CHINA'S IMPORT OF IRON ORE TO PROPEL DRY BULK SHIPPING DEMAND IN 2017 - PETER SAND
China's import of iron ore will continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, alongside shippin ...
Monday, 17 April 17
THE PANAMAX INDEX (BPI) ROSE (12.89%) WEEK OVER WEEK
COALspot.com: The Freight market was firm, week over a week as all segments show a positive upward trend this past week.
The Baltic Exchange, ...
Monday, 17 April 17
U.S. WEEKLY COAL OUTPUT FELL 5% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.8 million short tons ...
Thursday, 13 April 17
OPEC OVER-DELIVERS ON OIL CUTS, BUT SEES RIVALS' OUTPUT RISING
Crude Oil Price Movements
The OPEC Reference Basket averaged $50.32/b in March, representing a decline of 5.7% from the previous month. Crude fut ...
Wednesday, 12 April 17
THE PORT OF NEWCASTLE SHIPPED 13.791 MILLION TONS OF COAL IN MARCH 2017
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export ports has shipped $AU 1,688.5 ...
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- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
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- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
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