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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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Friday, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
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- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- White Energy Company Limited
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Planning Commission, India
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
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