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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, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...
Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...
Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...
Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...
Thursday, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED
Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, ...
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- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
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- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
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- McConnell Dowell - Australia
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- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
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- Global Green Power PLC Corporation, Philippines
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- Port Waratah Coal Services - Australia
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- Billiton Holdings Pty Ltd - Australia
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- Minerals Council of Australia
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- Energy Link Ltd, New Zealand
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- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Romanian Commodities Exchange
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- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
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- Coal and Oil Company - UAE
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- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
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- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- The University of Queensland
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
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- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Planning Commission, India
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
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