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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, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
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- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Australian Coal Association
- PTC India Limited - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- The University of Queensland
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- MS Steel International - UAE
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
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