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Wednesday, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
 PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the provision of mining services contracts with PT Adaro Indonesia (“Adaro”), in relation to its Tutupan Mine Operation. The mining services contracts includes services for overburden removal and coal extraction. Tutupan is a project located in Tabalong Districts, South Kalimantan and Barito Selatan Districts, Central Kalimantan.
According to the press release, the term of the contract is until December 2025 with total contracted volume of over 234 million bcm of overburden removal and over 44 million tonnes of coal to be extracted. Average annual production is expected to be within the range of 30-70 million bcm of overburden removal and 5.0 – 12.0 million tonnes of coal.
The company further noted in its press release, Adaro is a long-time customer of BUMA. The new contract reflects continued trust and is expected to further strengthen the relationship between the two parties going forward.
BUMA says, BUMA continues to explore opportunities and pursue discussions with both existing and new potential customers for new contracts. BUMA remains committed to optimize the utilization of its assets and resources, prudently manage its working capital and investments, and maintain a sustainable debt structure, in order to deliver results to its stakeholders.
In January 2021, BUMA entered into an extension agreement with IPR on its mine located in Tabang, the Kutai Kartanegara Regency, Province of East Kalimantan. The agreement extends the existing contract to December 2031, and includes a significant expansion of the work entailed, providing additional volume of over 650 million bcm of overburden removal, over 210 million tonnes of coal to be extracted and over 75 million tonnes of coal to be hauled.
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Monday, 09 August 21
AIIB MAY OFFICIALLY END COAL FINANCING IN 2022 - CHINA DAILY
The Asian Infrastructure Investment Bank may officially rule out coal projects if it updates its energy strategy next year, after shunning funding ...
Monday, 09 August 21
CHINA COAL INVENTORY THINS AMID PEAK POWER DEMAND- STATE MEDIA : REUTERS
China’s coal inventories have dropped to near historic lows since August due to peak summer electricity demand and transportation bottlenecks ...
Wednesday, 04 August 21
THE INDONESIAN COAL PRICE REFERENCE SURGED TO A FRESH RECORD HIGH OF USD 130.99 A TON IN AUGUST 2021
COALspot.com: The Indonesian Coal Price Reference ( HBA) surged to a fresh record high of USD 130.99 a ton in August 2021.
The ...
Wednesday, 04 August 21
MARKET INSIGHT - INTERMODAL
Unlike the Dry Bulk and Container sectors where freight rates have surged into 2021, the tankers market continues to experience lackluster earnings ...
Sunday, 01 August 21
SEABORNE HARD COAL TRADE IN 2020 DECREASED BY 149 MILLION MT, OR 12.1%, TO 1,083 MILLION MT - GERMAN COAL IMPORTERS ASSOCIATION
- Reduced coal-fired power plant fleet secures Germany’s power supply in severe winter of 2020/2021; little wind availability and hence stron ...
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- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
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