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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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Sunday, 28 June 09
INDIA CEMENTS TO INVEST RS 1,500 CR OVER 2 YEARS
Chennai-based India Cements is planning to invest around Rs 1,500 crore over the next two years for setting up a greenfield project in Rajasthan, po ...
Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
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- Ministry of Transport, Egypt
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- Economic Council, Georgia
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- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
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- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
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- Africa Commodities Group - South Africa
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- Banpu Public Company Limited - Thailand
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- Ceylon Electricity Board - Sri Lanka
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- Indogreen Group - Indonesia
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- Kumho Petrochemical, South Korea
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- Romanian Commodities Exchange
- Coal and Oil Company - UAE
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- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
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- Parliament of New Zealand
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- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
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- Siam City Cement - Thailand
- Sical Logistics Limited - India
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- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
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- Energy Development Corp, Philippines
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- Anglo American - United Kingdom
- The University of Queensland
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- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
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- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
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- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
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- Georgia Ports Authority, United States
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
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- Asmin Koalindo Tuhup - Indonesia
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- Australian Coal Association
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- Wilmar Investment Holdings
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- Ministry of Finance - Indonesia
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- Riau Bara Harum - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
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