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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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Tuesday, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bhar ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
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- Wilmar Investment Holdings
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- IEA Clean Coal Centre - UK
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- Economic Council, Georgia
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- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
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- Barasentosa Lestari - Indonesia
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- Planning Commission, India
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- Bukit Makmur.PT - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
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- Chettinad Cement Corporation Ltd - India
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- Trasteel International SA, Italy
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- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
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- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
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- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
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- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
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- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
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- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
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- Standard Chartered Bank - UAE
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- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
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- Neyveli Lignite Corporation Ltd, - India
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