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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, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
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