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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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Thursday, 05 November 09
HMS BERGBAU AG OPENING INDIAN OFFICE
Further step on internationalization track Office in Mumbai Participation in demand for coal imports
HMS Bergbau AG, is an international coal tra ...
Thursday, 05 November 09
SAM'S SEAFOOD HOLDINGS MOVES STEP CLOSER TO COAL EXPLORATION IN INDONESIA
Sam’s Seafood Holdings Limited, which is proposed to be renamed Pan Asia Corporation Limited, is moving closer to becoming an exploration and ...
Wednesday, 04 November 09
INDONESIA CAP ON COAL EXPORTS MAY HIT INDIAN POWER SECTOR
BL reported that Karnataka power sector is likely to be partially impacted by the Indonesian Government move to restrict coal exports.
Private se ...
Wednesday, 04 November 09
SA 2010 COAL EXPORTS SEEN AT 65M TO 68M TONS - ANALYSTS
South Africa's thermal coal exports could rise to as high as 68 million tonnes in 2010 but are more likely to be 64-65 million compared to 60 milli ...
Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
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- International Coal Ventures Pvt Ltd - India
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- MS Steel International - UAE
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
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- Vedanta Resources Plc - India
- Posco Energy - South Korea
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- Holcim Trading Pte Ltd - Singapore
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- GN Power Mariveles Coal Plant, Philippines
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- Port Waratah Coal Services - Australia
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- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
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- Electricity Authority, New Zealand
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- Energy Link Ltd, New Zealand
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- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
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- Standard Chartered Bank - UAE
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- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
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- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
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- VISA Power Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- The University of Queensland
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
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- Wilmar Investment Holdings
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- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
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