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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, 10 March 17
THE 5TH PHILIPPINES POWER AND ELECTRICITY WEEK RETURNS WITH A UNIQUE FOCUS IN 2017
5th Annual Philippines Power & Electricity
18-21 July 2017
Solaire Resort & Casino,Manila, Philippines
http://www.philippinespowe ...
Thursday, 09 March 17
INDONESIAN COAL BENCHMARK PRICE DROPPED FOR A THIRD STRAIGHT MONTH IN MARCH, GOVERNMENT DATA SHOWED
COALspot.com: Indonesian government declared coal benchmark price dropped for a fourth straight month in March, government data showed. The ...
Wednesday, 08 March 17
THE FREIGHT MARKET TODAY PROVIDES MUCH MORE CONFIDENCE COMPARED TO LAST YEAR - TIMOS PAPADIMITRIOU
So what's all the fuss about? During the past five months SnP activity has being surging exponentially in the dry bulk sector. Buyers are looki ...
Monday, 06 March 17
THE FREIGHT MARKET WAS CONTINUING TO FIRM UP THIS PAST WEEK
COALspot.com: The Freight market was continuing to firm up this past week.
The Baltic Exchange, tracking rates for ships carrying dry bulk com ...
Friday, 03 March 17
U.S. WEEKLY COAL PRODUCTION ESTIMATED AT 15.7 MMST; DECLINE 6.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
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- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
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