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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
 Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that it will maintain 75 percent of its stake in the Maruwai coal project in Central Kalimantan, an official said.
"Yesterday BHP reported that it would only divest 25 percent of its stake in the projects. Thus, there is nothing special in this case actually," Director general for coal, minerals, and geothermal Bambang Setiawan told reporters Thursday.
Bambang said several companies were already interested in acquiring the shares and that BHP would make a decision on this no later than the end of March this year.
"We want them to make the decision faster, because they have no reason to prolong the process as with the 75 percent stake, they will remain the operator of the project," he said.
The Maruwai coal project consists of seven Coal Contracts of Works (CCoW), locally known as PKP2B, with a total working area of 330,000 hectares. The initially proposed main development was the Haju open cut mine, one of the seven, on which BHP planned to invest about US$100 million in investment. The company had originally planned that the mine should begin coal production by the middle of 2009.
However, in June last year BHP announced that it had stopped the development of the Haju mine, stating that this was not sufficiently in line with the company's long term investment strategy. The company also announced that it decided to stop a feasibility study of the Lampunut Block, another mine in the Maruwai project and also put its activity in the other five areas on hold subject to further study and a final decision.
"We are reviewing *with a view to* canceling all projects in Indonesia," Indra had said earlier. "These projects do not fit with the company's long-term strategy," Indra Diannanjaya, the Maruwai project's external relations manager had said on June 9, 2009. To read more The Jakarta Post
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Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
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- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
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