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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- Lanco Infratech Ltd - India
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- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
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- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
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- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- VISA Power Limited - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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