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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, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
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- Karaikal Port Pvt Ltd - India
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- Toyota Tsusho Corporation, Japan
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- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
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- Economic Council, Georgia
- Australian Commodity Traders Exchange
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- Heidelberg Cement - Germany
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- Bulk Trading Sa - Switzerland
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- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
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- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
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- Indian Oil Corporation Limited
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- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
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- Cement Manufacturers Association - India
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- TeaM Sual Corporation - Philippines
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- Bhoruka Overseas - Indonesia
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- The University of Queensland
- IEA Clean Coal Centre - UK
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- Intertek Mineral Services - Indonesia
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- CNBM International Corporation - China
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- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
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- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
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- Ministry of Transport, Egypt
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- SMG Consultants - Indonesia
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- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
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- Bukit Asam (Persero) Tbk - Indonesia
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- Australian Coal Association
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
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- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
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- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
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- Orica Australia Pty. Ltd.
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- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
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- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
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- India Bulls Power Limited - India
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