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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, 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 ( ...
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 ...
Tuesday, 25 April 17
SHIPPING MARKET - ALLIED
Over the weekend we witnessed a second win over the rising populism that has become present in global politics since last summer, Allied shipping s ...
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- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
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- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Jaiprakash Power Ventures ltd
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- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
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- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
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- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- The University of Queensland
- Videocon Industries ltd - India
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Australian Coal Association
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Cement Manufacturers Association - India
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