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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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Tuesday, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
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- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
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- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
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- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
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- Planning Commission, India
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- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
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- Salva Resources Pvt Ltd - India
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- Australian Coal Association
- Orica Australia Pty. Ltd.
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- Wilmar Investment Holdings
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- Standard Chartered Bank - UAE
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- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
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- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
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