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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 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
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