PT Delta Dunia Makmur Tbk (DOID), parent company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), had spent Rp1.06 trillion of capital expenditure during the first half this year (1H 2010) from the full year capex of US$150 million-US$180 million. for heavy equipment.
In a material presentation published by Delta Dunia for Citi Conference in August, Delta Dunia's coal production in the first half this year reached 16.5 million tons with 135 million bank cubic meter(bcm) overburden removal.
Delta Dunia plans to boost 10%-20% of growth in overburden removal and coal production this year. The company reached 32.8 million tons of coal production last year with overburden removal of 278 million bcm.
EBITDA in the first half this year reached Rp954 billion with EBITDA margin of 38.9%
Disclosure: No position at the stock mentioned above.
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