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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, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Planning Commission, India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- The University of Queensland
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
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