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Tuesday, 25 February 20
DELTA DUNIA MAKMUR REGISTERED A NET PROFIT OF US$20 MILLION FOR FY 2019
 PT Delta Dunia Makmur, one of the largest coal mining company in Indonesia, has recorded an US$882 million revenue for FY 2019, 1% lower compared to FY 2018 due to lower volume and lower mining rates as coal market was weak and uncertain during 2019, the company said in its latest press release.
According to company’s latest press release, the company has removed 79 million bcm of overburden in 4Q 2019, 27% lower from 108.5 million bcm in 4Q 2018.
The company also mined 12.2 million tonnes of coal in 4Q 2019, higher by 2% compared to 12 million tonnes in 4Q 2018. The company also registered a net profit of US$20 million for FY 2019, 73% lower compared to US$76 million in FY 2018. According to press release, in addition, given lower volume in 2019, asset utilization rate was not optimal, and therefore, cash costs were hampered.
The company has spent a US$73 million as capital expenditure for FY 2019, lower by 76% compared to the same period last year. For FY 2019, free cash flows were $81 million and operating cash flows remained relatively healthy at US$152 million.
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Saturday, 01 February 20
COAL IS NOT GOING ANYWHERE - MINING REVIEW
The coal sector is living under the constant threat of being blamed by environmentalists as being responsible for a world disaster called global wa ...
Saturday, 01 February 20
CIL PRODUCTION TO NOT EXCEED 640 MILLION TON IN FY20: OFFICIAL - PTI
Hit by disruptions due to a prolonged monsoon, mining major Coal India Ltd’s production in the current fiscal will not exceed 640 million ton ...
Saturday, 01 February 20
WHO PAYS FOR IMO 2020? - FREIGHT WAVES
The United Nations’ International Maritime Organization (IMO) implemented its low-sulfur fuel mandate on January 1, 2020. Full enforcement be ...
Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as ...
Thursday, 30 January 20
PRIVATE SECTOR COMPANIES SEEK 'LEVEL PLAYING FIELD' FOR COAL BLOCK AUCTION - PTI
Private sector companies scouting opportunities for commercial coal mining in the country are seeking a “level playing field” to encour ...
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- The State Trading Corporation of India Ltd
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- Bhushan Steel Limited - India
- Ministry of Mines - Canada
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- Directorate Of Revenue Intelligence - India
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- Goldman Sachs - Singapore
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- Edison Trading Spa - Italy
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- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Romanian Commodities Exchange
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- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Economic Council, Georgia
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