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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, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
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- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
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- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
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- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
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- Planning Commission, India
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- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
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- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
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- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
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- The University of Queensland
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- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
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- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- PTC India Limited - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
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- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
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- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
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- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
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- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
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- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
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- GAC Shipping (India) Pvt Ltd
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