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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, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
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Showing 5926 to 5930 news of total 6871 |
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- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Bhatia International Limited - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
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