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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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- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Planning Commission, India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
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