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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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Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
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- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- Rio Tinto Coal - Australia
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- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
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- Deloitte Consulting - India
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- Central Java Power - Indonesia
- Australian Coal Association
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- PTC India Limited - India
- Interocean Group of Companies - India
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- Indonesian Coal Mining Association
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- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
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- Economic Council, Georgia
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- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
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- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
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- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Planning Commission, India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
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