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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, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Minerals Council of Australia
- Thiess Contractors Indonesia
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