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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, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Economic Council, Georgia
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
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