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Thursday, 08 March 18
BUMA SIGNED OVER US$ 500 MILLION WORTH OF NEW CONTRACT WITH PT TANAH BUMBU RESOURCES
 PT Delta Dunia Makmur Tbk., announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into mining services contract with PT Tanah Bumbu Resources (“TBR”), a subsidiary of Geo Energy Resources Limited (“Geo Energy”), who is an integrated coal mining group listed in the Singapore Stock Exchange. TBR is located in Tanah Bumbu Regency, South Kalimantan, right next to Geo Energy’s other concession area, PT Sungai Danau Jaya (“SDJ”), where BUMA has been operating in since 2015.
According to press release from Delta Dunia, TBR is expected to contribute around 169 million bcm of overburden removal and 47 million tonnes of coal over the entire life of the mine. The estimated value of the contract is over to Rp 7 trillion (equivalent to over US$500 million).
Given the proximity of TBR location to SDJ, BUMA expects to optimize the efficiency of its operations at both sites. The operational activity is to commence within the month, with production volume expected to be visible in the second quarter of 2018.
The press release further noted that, this contract will serve to strengthen BUMA’s relationship with Geo Energy, a rapidly growing coal miner with future potential growth. It will further support BUMA’s strategy for long-term sustainability and profitable growth.
About BUMA
PT Bukit Makmur Mandiri Utama (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, and PT Kideco Jaya Agung. As a mining contractor with sustainable low operating cost that offers competitive rates, BUMA currently holds close to 20% market share in Indonesia.
About GEO ENERGY GROUP
GEO ENERGY GROUP is a coal mining group, established since 2008, with offices in Singapore and Jakarta, Indonesia. Geo Energy has been listed on Singapore Stock Exchange’s main board since 2012 and is part of the Singapore FTSE index.
Geo Energy owns four mining concessions through its wholly-owned subsidiaries PT Bumi Enggang Khatulistiwa (“BEK”), PT Sungai Danau Jaya (“SDJ”), PT Tanah Bumbu Resources (“TBR”) and PT Surya Tambang Tolindo (“STT”) in Kalimantan, Indonesia
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- The University of Queensland
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
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