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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$335 million, with BHP Billiton holding the remaining 75%.
“We are delighted to have received government approval and now formed the ICP joint venture and we look forward to working together with BHP Billiton, a global leader in the resources industry and the world’s largest coking coal producer, in developing this world class asset, which we expect will create significant shareholder value,” Adaro Energy's President Director Garibaldi Boy Thohir, said in a press statement.
BHP Billiton President Metallurgical Coal Hubie van Dalsen said “We are very pleased that the Indonesian Government has approved the formation of the joint venture with Adaro, a strong Indonesian partner who shares our values and our commitment to the protection of the region’s outstanding biodiversity. “We are progressing study work to identify development options across the seven coal contracts of work (CCOWs) which will now be known as the IndoMet Coal project.”
The projects of Maruwai mining are PT Maruwai Coal, PT Juloi Coal, PT Kalteng Coal, PT Sumber Barito Coal, PT Lahai Coal, PT Ratah Coal, and PT Pari Coal.
Source: Insider Stories
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Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
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- Larsen & Toubro Limited - India
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- IHS Mccloskey Coal Group - USA
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- Parry Sugars Refinery, India
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- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Romanian Commodities Exchange
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- Mercator Lines Limited - India
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- Directorate General of MIneral and Coal - Indonesia
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- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
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- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
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- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
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- Ministry of Finance - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
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- Miang Besar Coal Terminal - Indonesia
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- Parliament of New Zealand
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- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
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- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
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- Eastern Coal Council - USA
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- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
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- Independent Power Producers Association of India
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- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
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- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
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- Tamil Nadu electricity Board
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- VISA Power Limited - India
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- Binh Thuan Hamico - Vietnam
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