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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$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
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Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
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- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
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