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Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
  The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia’s second largest thermal coal producer PT Adaro Energy, the world’s largest mining company announced Wednesday.
“These agreements with Adaro provide a strong local partner to ensure the successful development of our world class metallurgical coal interests in Indonesia,” BHP’s president for metallurgical coal Hubie van Dalsen said on the firms’s website.
BHP holds the remaining 75 percent of Maruwai and the company will form a joint venture with Adaro to manage it.
The Maruwai project’s external relations manager Indra Diannanjaya would not divulge the value of the 25 percent divested stake, since the completion of the transaction is subject to government approval.
Bambang Setiawan, director general for minerals, coal and geothermal at the Energy and Mineral Resources Ministry, said the divestment stake had been regulated in each mining contract. “We will evaluate whether this [BHP divestment] has been in accordance with the contract or not,” Bambang said.
The Maruwai coal project covers seven Coal Contracts of Work (CCoWs) located in East and Central Kalimantan and Adaro has operations near the site. BHP said the concession contained an estimated 774 million tons of undeveloped metallurgical and thermal coal. The project is expected to start coal production in 2014 with output to reach 6 million tons per year by 2019.
One of the contracts covers the Haju open-cast mine, where BHP plans to invest US$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- CNBM International Corporation - China
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
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- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
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- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
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- Merrill Lynch Commodities Europe
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- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
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- Heidelberg Cement - Germany
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- Kumho Petrochemical, South Korea
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- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- New Zealand Coal & Carbon
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- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
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