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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 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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- Central Electricity Authority - India
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Parliament of New Zealand
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
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