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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, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
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- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
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- The Treasury - Australian Government
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
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- Leighton Contractors Pty Ltd - Australia
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- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Australian Coal Association
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
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