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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, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
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- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- The University of Queensland
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- PTC India Limited - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
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