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Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
.jpg) About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
BHP Billiton said on June 9 month that it had decided not to go ahead with the Haju trial coal mine in Central Kalimantan province on Borneo island because it did not fit with its long-term investment strategy.
"There are about four companies that are interested. We asked them to negotiate directly with BHP Billiton," Bambang Setiawan, director general of mining, coal and geothermal at the energy ministry, said late on Thursday.
Setiawan did not name the firms but said they were local investors.
Haju was stage one of the Maruwai coal project, the 100 percent BHP Billiton owned metallurgical coal deposit, in Central Kalimantan which was expected to produce 1 million tons of metallurgical coal -- used for steel-making -- per year.
In June last year, the firm announced it would invest $100 million to develop the project which was expected to start producing in the middle of this year.
The firm has said it will gradually lay off 450 workers and 250 contractors involved in the project.
The firm was still assessing commercial options for the project, Indra Diannanjaya, president director of PT Lahai Coal which is part of BHP's Maruwai coal project, said.
The move is another blow to Indonesia's mining sector which has struggled to attract new investment from major global mining players in recent years, partly due to issues such as uncertainty over mining regulations and disputes with local government.
In November last year, BHP decided also to scrap a study into developing an integrated nickel project in eastern Indonesia which was under a conditional agreement with Indonesian state miner PT Aneka Tambang Tbk.
"We are not worry about investment because there are many who are willing to replace BHP," Setiawan said.
Indonesia expects investment in mining and geothermal investment this year to reach about $2.24 billion. In the first quarter, mining and geothermal investment stood at $251.43 million.
Source: Reuters (http://www.reuters.com/article/innovationNews/idUSTRE55P15G20090626)
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Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand ma ...
Wednesday, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...
Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central ...
Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...
Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country.
India's leading e-commerce company Mjunction Services Ltd will ...
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- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
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