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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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Showing 6006 to 6010 news of total 6871 |
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- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Planning Commission, India
- SMC Global Power, Philippines
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
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