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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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Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...
Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...
Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...
Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May.
The figure surpasses the previ ...
Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...
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- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- The University of Queensland
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
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