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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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Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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- CNBM International Corporation - China
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- IEA Clean Coal Centre - UK
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- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
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- The University of Queensland
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- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Planning Commission, India
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
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- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
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- Indika Energy - Indonesia
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- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Parliament of New Zealand
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- Romanian Commodities Exchange
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- Thai Mozambique Logistica
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- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
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- Electricity Authority, New Zealand
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- Economic Council, Georgia
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- Interocean Group of Companies - India
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- Carbofer General Trading SA - India
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- Chamber of Mines of South Africa
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