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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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Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
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Showing 6086 to 6090 news of total 6871 |
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- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Australian Coal Association
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
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