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Tuesday, 25 February 20
DELTA DUNIA MAKMUR REGISTERED A NET PROFIT OF US$20 MILLION FOR FY 2019
Delta DuniaPT 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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Monday, 25 November 19
COAL SUPPLY BY CIL TO POWER SECTOR DROPS OVER 8 PC TO 253 MT IN APRIL-OCTOBER - PTI
Supply of coal by state-owned CIL to the power sector registered a decline of 8.5 per cent to 253 million tonnes in the April-October period of thi ...


Monday, 25 November 19
A 53,000DWT SHIP FIXED AT $9,500 DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY VIETNAM - BALTIC BRIEFING
Capesize After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC averag ...


Monday, 25 November 19
KOWEPO INVITED 6.79 MILLION TONS OF (SUB)BITUMINOUS STEAM COAL BIDS
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for 6,798,000 tons of coal for 5 years ...


Friday, 22 November 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


Friday, 22 November 19
FORTY PERCENT OF ADARO'S COAL SALES VOLUME IN 9M19 GOES TO THE SOUTHEAST ASIA REGION
PT Adaro Energy Tbk released its consolidated financial statements yesterday, for the nine month period, ending September 30, 2019.    ...


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