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Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project (ICP) with BHP Billiton, following confirmation of outstanding Government approvals.
Adaro has acquired 25% interest in the ICP joint venture for US$335 million, with BHP Billiton holding the remaining 75%.
“We are delighted to have received government approval and now formed the ICP joint venture and we look forward to working together with BHP Billiton, a global leader in the resources industry and the world’s largest coking coal producer, in developing this world class asset, which we expect will create significant shareholder value,” Adaro Energy's President Director Garibaldi Boy Thohir, said in a press statement.
BHP Billiton President Metallurgical Coal Hubie van Dalsen said “We are very pleased that the Indonesian Government has approved the formation of the joint venture with Adaro, a strong Indonesian partner who shares our values and our commitment to the protection of the region’s outstanding biodiversity. “We are progressing study work to identify development options across the seven coal contracts of work (CCOWs) which will now be known as the IndoMet Coal project.”
The projects of Maruwai mining are PT Maruwai Coal, PT Juloi Coal, PT Kalteng Coal, PT Sumber Barito Coal, PT Lahai Coal, PT Ratah Coal, and PT Pari Coal.
Source: Insider Stories
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Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Australian Coal Association
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
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