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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$335 million, with BHP Billiton holding the remaining 75%.
“We are delighted to have received government approval and now formed the ICP joint venture and we look forward to working together with BHP Billiton, a global leader in the resources industry and the world’s largest coking coal producer, in developing this world class asset, which we expect will create significant shareholder value,” Adaro Energy's President Director Garibaldi Boy Thohir, said in a press statement.
BHP Billiton President Metallurgical Coal Hubie van Dalsen said “We are very pleased that the Indonesian Government has approved the formation of the joint venture with Adaro, a strong Indonesian partner who shares our values and our commitment to the protection of the region’s outstanding biodiversity. “We are progressing study work to identify development options across the seven coal contracts of work (CCOWs) which will now be known as the IndoMet Coal project.”
The projects of Maruwai mining are PT Maruwai Coal, PT Juloi Coal, PT Kalteng Coal, PT Sumber Barito Coal, PT Lahai Coal, PT Ratah Coal, and PT Pari Coal.
Source: Insider Stories
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Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
Tuesday, 27 July 10
DRY BULK SPOT CARGO DEMAND SHARPLY UP, TRIGGERING RISE IN RATES
Hot on the heels of the dry bulk market’s first weekly gain in almost two months, Monday began on a similar note, with the Baltic Dry Index (B ...
Tuesday, 27 July 10
KANGAROO RESOURCES INKS 297MT COAL RESOURCE FOR TANUR JAYA PROJECT
Kangaroo Resources has reported JORC Code compliant open cut Coal Resources totalling 297 million tonnes for the Tanur Jaya Coal Project in East Kal ...
Monday, 26 July 10
INDONESIAN COAL PRICE REFERENCE FOR JULY 2010 IS US$ 96.65 PER TON FOB VESSEL
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Monday, 26 July 10
BHATIA INTERNATIONAL, MIGHT GRAB THE MAJORITY OF COAL SUPPLY ORDER FROM MAHAGENCO
COALspot.com: Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, has received price bids from ...
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- Sinarmas Energy and Mining - Indonesia
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- Economic Council, Georgia
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- Planning Commission, India
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- Energy Link Ltd, New Zealand
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- Romanian Commodities Exchange
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- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
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- Vedanta Resources Plc - India
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- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
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- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
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- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
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- Ministry of Transport, Egypt
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- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
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- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
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- Wilmar Investment Holdings
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- Port Waratah Coal Services - Australia
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- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
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- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
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- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
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- White Energy Company Limited
- Intertek Mineral Services - Indonesia
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- Star Paper Mills Limited - India
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- The University of Queensland
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- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
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