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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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Friday, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
Thursday, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest e ...
Thursday, 02 December 10
CIL INCHES CLOSER TO PEABODY STAKE DEAL - THE TELEGRAPH INDIA
The Telegraph India reported that, state-run Coal India Ltd (CIL) hopes to complete negotiations to buy over 10 per cent in Australian miner Peabody ...
Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the ...
Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling on ...
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- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
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