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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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Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
Thursday, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
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- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
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