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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 company’s announcement, the Company has booked a net profit of USD 24 million in the 1st quarter of 2017 up 700% compared to net profit of USD 3 million in the first quarter of 2016. The company further said, the Q1 2017 net profit is the highest quarterly net profit in the history of the Company and BUMA.
The Company delivered 83.2 million bcm of overburden removal and 10.2 million tonnes of coal, an increase of 36% and 31% respectively compared to the same period last year.
The net revenue of the company also increased by 43% from USD 127 million in Q1 2016 to USD 181 million in Q1 2017 as the results of higher volume and higher mining service rate due to the recovery of coal price.
EBITDA of the company, significantly improved from USD 39 million to USD 70 million, translating into an EBITDA margin of 40.3%, a reflection of the higher revenue as well as improved productivity and cost efficiencies. Cash flows remained very strong, allowing the Company to finance its capital expenditure of USD 20 million in Q1 2017 through internal cash, and continued reducing outstanding debt by USD13 million. Meantime, the company said, as of March 31, 2017, net debt of the company was at USD 504 million, with net debt to EBITDA ratio of 2.0x.
With robust contracts on hand and the recovery of coal price, the Company will continue to focus on the execution of ramping up its production volume. Management believes that the Company is on track to deliver profitable growth and solid performance in 2017, the company’s press release concluded.
About PT Delta Dunia Makmur Tbk.
PT Delta Dunia Makmur Tbk. is a holding company with an investment focus on mining services. Through its wholly owned subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), Delta Dunia Makmur is now the largest pure play mining contractor listed on the Indonesian Stock Exchange.
BUMA is the second largest coal mining contractor in Indonesia, providing mining services under long-term operating agreements with some of Indonesia's largest coal producers, such as PT Berau Coal, PT Adaro Indonesia, PT Kideco Jaya Agung and certain subsidiaries of PT Bayan Resources.
BUMA's full range of coal mining services include mining infrastructure development and construction, land clearing, removal of top soil, drilling and blasting, overburden removal, coal mining, hauling, reclamation and rehabilitation of mine sites. (Source: the company's website)
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- The University of Queensland
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
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