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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, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
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- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
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- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
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- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
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- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
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- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
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- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
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- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
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- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
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- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
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- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
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- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Parliament of New Zealand
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
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