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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$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
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Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
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- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
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