We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...
|
|
|
Showing 6401 to 6405 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
|
| |
| |
|
