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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, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...
Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central ...
Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...
Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country.
India's leading e-commerce company Mjunction Services Ltd will ...
Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...
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- Ministry of Mines - Canada
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- Directorate Of Revenue Intelligence - India
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- Indika Energy - Indonesia
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- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
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- Banpu Public Company Limited - Thailand
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- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- The University of Queensland
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- Australian Commodity Traders Exchange
- Central Electricity Authority - India
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- The State Trading Corporation of India Ltd
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- LBH Netherlands Bv - Netherlands
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- Mjunction Services Limited - India
- The Treasury - Australian Government
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
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- Thai Mozambique Logistica
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- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- VISA Power Limited - India
- MS Steel International - UAE
- London Commodity Brokers - England
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- Lanco Infratech Ltd - India
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- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
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- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
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- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
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- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
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- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
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- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
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- Global Business Power Corporation, Philippines
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- Coal and Oil Company - UAE
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- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
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- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
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- PNOC Exploration Corporation - Philippines
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- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
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- Indonesian Coal Mining Association
- Petron Corporation, Philippines
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- Australian Coal Association
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