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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$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
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Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
Tuesday, 25 August 09
COAL OUTPUT TO RISE IN H2 BUT EXPORTS TO GO FLAT
The leading english news paper in Indonesia reported that, It is estimated coal production will rise by 5.7 percent in the second semester from a ye ...
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- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
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- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
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- Eastern Energy - Thailand
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- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
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- SMC Global Power, Philippines
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- Australian Coal Association
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- Salva Resources Pvt Ltd - India
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- Merrill Lynch Commodities Europe
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- Africa Commodities Group - South Africa
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- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
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- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Parliament of New Zealand
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- PTC India Limited - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
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- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
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