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Monday, 19 September 22
BUMA AUSTRALIA AWARDED A$400 MILLION CONTRACT EXTENSION BY BMA FOR GOONYELLA PROJECT
 Press Release – PT Delta Dunia Makmur Tbk. (the "Company") announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), through its Australian subsidiary, BUMA Australia Pty Ltd ("BUMA Australia"), has been awarded a contract extension by BHP and Mitsubishi Alliance ("BMA"), to continue providing mining services at the Goonyella Riverside mine ("Goonyella"), a metallurgical coal mine located in the Bowen Basin in central Queensland, Australia.
The contract extension from BMA is valued at AUD400 million for over a three-year term, with the option to extend for another two years, with an average annual production expected to be 36 mbcm p.a.
Ronald Sutardja, President Director of PT Delta Dunia Makmur Tbk, commented, "We are proud of our long relationships with the BMA, Australia’s largest producer and supplier of seaborne metallurgical coal and delighted to be awarded this contract extension of the Goonyella mine, which is a testament to the excellent working relationship and deep trust established between BUMA Australia and BMA together with its joint venture participants, over the last fourteen years. This extension also reflects BUMA Australia's professional team's track record of safe, efficient, and consistent delivery of mining services for BMA coal mine projects.”
The renewed contract is the third contract win for BUMA Australia in 2022 and a manifestation of the Company’s strategy to further expand the business, especially in Australia. On 22 February 2022, BUMA Australia announced that it had secured a new AUD550 million contract extension at BMA’s Blackwater mine. On 10 May 2022, it announced a new AUD320 million, three-year contract with Bowen Coking Coal’s Broadmeadow East coking coal project, with the option to extend for a further year.
The strategy plays a pivotal role in the Company’s soaring performance in the first half of 2022. The Company posted revenues of USD723 million, a rock-solid increase of 107% compared to the same period in 2021. Overburden removal and coal production were recorded at 260 million BCM and 41 million tonnes, with significant growth of 83% and 64% year-on-year, respectively. The Company's EBITDA in the first half of 2022 reached USD164 million, while the EBITDA margin stood well at 26%, increasing by 125% year-on-year. As a result of better operational efficiency, the Company also recorded a net profit of USD6 million.
"The new contract is also an expression of confidence in our capabilities and performance as one of the largest mining operators in Indonesia and Australia. Hopefully, we can maintain the positive momentum and keep seizing opportunities for future business growth," Ronald concluded.
About PT Delta Dunia Makmur Tbk.
PT Delta Dunia Makmur Tbk. was established in 1990 and through its primary subsidiary, PT Bukit Makmur Utama (BUMA), is the second largest coal mining contractors in Indonesia, based on production volumes, providing service to some of the largest coal producers in Indonesia. PT Delta Dunia Makmur Tbk. is listed on the Main Board of the Indonesian Stock Exchange (IDX ticker: DOID). DOID is headquartered in Jakarta, Indonesia.
About BUMA Australia
BUMA Australia was established in 2021 to acquire the Open Cut Mining business of Downer (which has been in continuous operation since 1922). This acquisition included the transition of people, mining services contracts, assets, systems and IP from a business which successfully provided mining services in diverse locations and across many commodities. With a strong focus on delivering optimal outcomes for clients and a strong commitment to safety, innovation, and technology, BUMA Australia is one of Australia’s leading mining contractors.
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- The University of Queensland
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
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