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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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Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
Friday, 18 September 09
AUSTRALIA NEWCASTLE COAL PORT: SEEKS INTERIM QUOTA SYSTEM
Reuters reported that, Australia's Newcastle coal terminal wants to re-introduce an interim export quota system after a group of miners led by BHP ...
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- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
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