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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, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
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- Indika Energy - Indonesia
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- Eastern Coal Council - USA
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- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
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- Minerals Council of Australia
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- Bukit Makmur.PT - Indonesia
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- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
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- Aboitiz Power Corporation - Philippines
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- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
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- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
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- McConnell Dowell - Australia
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- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
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- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Central Electricity Authority - India
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- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
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- Orica Mining Services - Indonesia
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- Romanian Commodities Exchange
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- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
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- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
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- Thai Mozambique Logistica
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
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- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
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- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
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- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
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- Heidelberg Cement - Germany
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- The University of Queensland
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- Indian Energy Exchange, India
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