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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, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to K ...
Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
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- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
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