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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, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
...
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- SMC Global Power, Philippines
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- PTC India Limited - India
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
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