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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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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- White Energy Company Limited
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
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