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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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Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
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- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
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- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Minerals Council of Australia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
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- Sarangani Energy Corporation, Philippines
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- Larsen & Toubro Limited - India
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- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
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