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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, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
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- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
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- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
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- Sarangani Energy Corporation, Philippines
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- Salva Resources Pvt Ltd - India
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- European Bulk Services B.V. - Netherlands
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- Semirara Mining Corp, Philippines
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- Planning Commission, India
- Samtan Co., Ltd - South Korea
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- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
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- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Gujarat Mineral Development Corp Ltd - India
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- Toyota Tsusho Corporation, Japan
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- Gujarat Sidhee Cement - India
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- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
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- London Commodity Brokers - England
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- PetroVietnam Power Coal Import and Supply Company
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- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
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- Grasim Industreis Ltd - India
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- Formosa Plastics Group - Taiwan
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- Mintek Dendrill Indonesia
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- Attock Cement Pakistan Limited
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- Leighton Contractors Pty Ltd - Australia
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- Independent Power Producers Association of India
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- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Australian Coal Association
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- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
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- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
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- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
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- SMG Consultants - Indonesia
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- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
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- Minerals Council of Australia
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
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