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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, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
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- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Minerals Council of Australia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Mjunction Services Limited - India
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