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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$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Ministry of Mines - Canada
- Economic Council, Georgia
- The Treasury - Australian Government
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
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