We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
|
|
|
Showing 16 to 20 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Australian Coal Association
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Mjunction Services Limited - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
|
| |
| |
|
