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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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Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN
* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Ca ...
Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...
Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international ...
Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...
Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
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- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
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- Mercuria Energy - Indonesia
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- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- ASAPP Information Group - India
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- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Bhatia International Limited - India
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