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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, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
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- GMR Energy Limited - India
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- Therma Luzon, Inc, Philippines
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- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
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- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Merrill Lynch Commodities Europe
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- IEA Clean Coal Centre - UK
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- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
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- Indian Oil Corporation Limited
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- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
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- Economic Council, Georgia
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- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Tamil Nadu electricity Board
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- Planning Commission, India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
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- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
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- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
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- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Australian Coal Association
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
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- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
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- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
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- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
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