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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Romanian Commodities Exchange
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- Georgia Ports Authority, United States
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- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
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- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
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- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
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- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
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- Siam City Cement - Thailand
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- The State Trading Corporation of India Ltd
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- PowerSource Philippines DevCo
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- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- London Commodity Brokers - England
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- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
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- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
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- Merrill Lynch Commodities Europe
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- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
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- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
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- Planning Commission, India
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- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
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- Ministry of Transport, Egypt
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- Global Green Power PLC Corporation, Philippines
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- The Treasury - Australian Government
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- Australian Coal Association
- Goldman Sachs - Singapore
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- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
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- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
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- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
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