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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, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
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- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- White Energy Company Limited
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
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