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Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central Kalimantan.
Antam's president director Alwinsyah Loebis said that BHP's Maruwai coal project had interesting coal reserves. "The coal is a type of coking coal that differs from most coal found in Indonesia," Alwin told reporters Tuesday.
Coking coal is coal used in the production of coke, which can be further modified for use in the production of pig iron.
As has been reported earlier, BHP is in the process of pulling out from Indonesia. In early June, the company announced its decision to stop the development of the Haju trial mine, one of seven mines under the company's Maruwai coal project in Central Kalimantan.
BHP said its operations in the Haju trial mine did not mesh well with its long term investment strategy. It has also decided to terminate activities in six other areas specified in the project.
Alwin did not disclose the amount to be invested by Antam in acquiring the project."We are still evaluating the prospect. We have not submitted any official proposals to BHP," he said.
Antam primarily produces nickel, but Alwin said the company was seeking to expand its business by including coal. "We want to develop our portfolio," he clarified. Aside from evaluating the possibility of buying BHP's coal project, Antam is also investing US$30 million to acquire several coal mines this year.
Source:The Jakarta Post
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Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
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- Ambuja Cements Ltd - India
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- Ministry of Mines - Canada
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- Chamber of Mines of South Africa
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- IEA Clean Coal Centre - UK
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- Commonwealth Bank - Australia
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- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Parliament of New Zealand
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- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
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- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
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- Georgia Ports Authority, United States
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- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
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- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
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- PTC India Limited - India
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- SMG Consultants - Indonesia
- Independent Power Producers Association of India
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- GN Power Mariveles Coal Plant, Philippines
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- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
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- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
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- Orica Australia Pty. Ltd.
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- Australian Commodity Traders Exchange
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- Romanian Commodities Exchange
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- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
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- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
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- Australian Coal Association
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- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sojitz Corporation - Japan
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- Leighton Contractors Pty Ltd - Australia
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- Meralco Power Generation, Philippines
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