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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, 22 December 09
NEWCASTLE COAL SHIP QUEUE LONGEST IN TWO YEARS AS EXPORTS SLOW
Bloomberg reported that, the queue of coal ships waiting at Australia’s Newcastle port, the world’s biggest export harbor for the fuel, ...
Monday, 21 December 09
INDONESIA HAS EXPORTED AROUND 195.303 MILLION TONS OF COAL TILL END OF NOVEMBER 2009
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in November 2009, by taking 28.69% of total exported quan ...
Monday, 21 December 09
RUSSIAN COAL MINER SUEK EYES '10 LONDON IPO
* Company valued at around $8-$9 bln - banking source
* IPO could take place in H1 - source
* May list 25 pct of share capital - report
Reuters ...
Monday, 21 December 09
IGCC OUTLOOK CHINA 2010 TO BE HELD IN APRIL 2010 IN SHANGHAI
COALspot.com (China): Press Release - Aiming at unveiling the growth area of IGCC polygeneration, IGCC Outlook China 2010 is planned to be hel ...
Sunday, 20 December 09
GLOBAL COAL MAJORS MAKE THEIR PRESENTATIONS
Major energy companies from four countries, including the U.S., Indonesia and South Africa, have completed detailed presentations before a committee ...
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- Uttam Galva Steels Limited - India
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- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
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- White Energy Company Limited
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- Tamil Nadu electricity Board
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- Planning Commission, India
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- Independent Power Producers Association of India
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- Chamber of Mines of South Africa
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- Ministry of Mines - Canada
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- London Commodity Brokers - England
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- The State Trading Corporation of India Ltd
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- IEA Clean Coal Centre - UK
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- New Zealand Coal & Carbon
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- McConnell Dowell - Australia
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- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
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- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Electricity Authority, New Zealand
- The University of Queensland
- Price Waterhouse Coopers - Russia
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- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
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- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
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- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
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- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
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- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
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- PTC India Limited - India
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- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
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- Altura Mining Limited, Indonesia
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- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
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- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
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