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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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Wednesday, 11 August 10
CAPESIZE MARKET ON RECOVERY MODE
The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buo ...
Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
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- Standard Chartered Bank - UAE
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- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
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- Africa Commodities Group - South Africa
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- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
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- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
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- Wood Mackenzie - Singapore
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- Indogreen Group - Indonesia
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- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
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- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
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- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
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- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
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- Trasteel International SA, Italy
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- Formosa Plastics Group - Taiwan
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- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
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- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
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- ICICI Bank Limited - India
- Ministry of Mines - Canada
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