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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$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
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Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
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- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
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