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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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Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
Thursday, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
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- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Vedanta Resources Plc - India
- The University of Queensland
- PowerSource Philippines DevCo
- Planning Commission, India
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Australian Coal Association
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
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