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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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Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
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Showing 6106 to 6110 news of total 6871 |
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- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
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