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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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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
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