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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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Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
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- The State Trading Corporation of India Ltd
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- Australian Commodity Traders Exchange
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- Attock Cement Pakistan Limited
- The University of Queensland
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- Parliament of New Zealand
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- Mintek Dendrill Indonesia
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- Cement Manufacturers Association - India
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- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
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- Iligan Light & Power Inc, Philippines
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- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
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- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
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- Economic Council, Georgia
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- New Zealand Coal & Carbon
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- Medco Energi Mining Internasional
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- OPG Power Generation Pvt Ltd - India
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- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
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- ICICI Bank Limited - India
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- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
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- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
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- Lanco Infratech Ltd - India
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- Bulk Trading Sa - Switzerland
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- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
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- Heidelberg Cement - Germany
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- Tata Chemicals Ltd - India
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- Indonesian Coal Mining Association
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- Alfred C Toepfer International GmbH - Germany
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- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
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- Planning Commission, India
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- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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