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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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Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
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Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
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- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- The University of Queensland
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- White Energy Company Limited
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Bhatia International Limited - India
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