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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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Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
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- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Australian Coal Association
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
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