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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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Tuesday, 30 June 09
ARCELORMITTAL, RIO, 8 OTHERS VIE FOR COAL INDIA MINES
Coal India Ltd. short-listed ArcelorMittal, Rio Tinto Group and eight other companies to develop its abandoned mines to help ease a shortage of coal ...
Monday, 29 June 09
INDONESIA PLANS 20 PCT FOREIGN MINING SALE LAW
Indonesia plans to require foreign investors in mining firms to gradually divest shares starting from the fifth year of commercial production, but m ...
Monday, 29 June 09
CHINA ENJOYS STABLE COAL ECONOMY IN THE FIRST FIVE MONTHS OF 2009
In the first five months of the year, China's raw coal production had continued to rise, and coal market stayed in a balance in terms of supply-dem ...
Monday, 29 June 09
GOVERNMENT FINE TUNES MINING LAW
The government is planning to require all foreign-owned mining companies to divest 20 percent of their businesses to local entities after five years ...
Sunday, 28 June 09
INDIA CEMENTS TO INVEST RS 1,500 CR OVER 2 YEARS
Chennai-based India Cements is planning to invest around Rs 1,500 crore over the next two years for setting up a greenfield project in Rajasthan, po ...
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- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
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- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
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