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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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Monday, 20 April 09
PT PAMAPERSADA SEES ITS REVENUE TO CLIMB BY 20% IN 2009 - STEELGURU
PT Pamapersada Nusantara, a unit of Indonesia's PT United Tractors, said that its 2009 profit will be similar to last year, even as it forecasts re ...
Monday, 20 April 09
NIPPON STEEL SEMI-SOFT COAL PRICE SAID TO DROP 67% - BLOOMBERG
Nippon Steel Corp., Japan’s largest mill, will pay up to 67 percent less for semi-soft coking coal this fiscal year, two industry executives w ...
Monday, 20 April 09
INTERNATIONAL INVESTORS SEEK TO SELL ADARO STAKES - MONEY.CNN
Some international investors in PT Adaro Energy ( ADRO.JK) have approached other companies to sell around a combined 17% stake in the coal miner via ...
Friday, 17 April 09
BHATIA COAL INDIA, VITOL IN DISPUTE - COAL JUNCTION
Bhatia Coal India, a subsidiary of the Bhatia International Group, terminated a coal supply contract with traders Vitol and has initiated arbitratio ...
Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...
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- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
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