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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, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
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- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
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- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Minerals Council of Australia
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- Mercator Lines Limited - India
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- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
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- Latin American Coal - Colombia
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- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
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- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- PTC India Limited - India
- Australian Commodity Traders Exchange
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- Posco Energy - South Korea
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- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- White Energy Company Limited
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Thai Mozambique Logistica
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- The University of Queensland
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
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