We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
|
|
|
Showing 6256 to 6260 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- PTC India Limited - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
|
| |
| |
|
