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