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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, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
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- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
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- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
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- White Energy Company Limited
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- South Luzon Thermal Energy Corporation
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- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
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- Kobexindo Tractors - Indoneisa
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- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
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- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- PTC India Limited - India
- Deloitte Consulting - India
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
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