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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, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
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