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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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Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
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- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Australian Coal Association
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
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