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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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Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
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Showing 6086 to 6090 news of total 6871 |
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- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Central Electricity Authority - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- White Energy Company Limited
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