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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, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
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- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
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- Interocean Group of Companies - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- White Energy Company Limited
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Minerals Council of Australia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
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