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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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Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
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- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- White Energy Company Limited
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- The University of Queensland
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Australian Coal Association
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
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