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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, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
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- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Aditya Birla Group - India
- The University of Queensland
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
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