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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$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
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Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
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- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- The University of Queensland
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- London Commodity Brokers - England
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