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Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
 Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the Energy Ministry said on Tuesday.
Bambang Gatot Ariyono, the ministry’s director of coal and minerals, said BHP had informed the ministry that it had decided against seeking a partner to develop the project. “They came to us a few weeks ago and said they will keep a 100 percent stake in Maruwai,” he said.
Bambang speculated that the decision to retain full interest was based on signs that the global economy was recovering, which would increase demand for coal and raise prices. BHP is the world’s largest exporter of coking coal, which is used to make steel.
However, BHP spokesman Illtud Harri said on Tuesday that his company had not made a decision and was still reviewing the Maruwai project.
“We are continuing to review our commercial options in relation to the Maruwai coal project, including potential sale of part of our interests. We have sought further information on these sale options, through an expression-of-interest process involving a number of parties. That process is continuing,” he said.
BHP has sent mixed signals about the Maruwai project in the past year. In June 2009, it said it was reviewing the project with the intention of selling it, after suspending a plan to develop Maruwai’s Haju field, the first stage of the project, because it didn’t fit with its long-term corporate strategy.
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“We are continuing to review our commercial options in relation to the Maruwai coal project, including potential sale of part of our interests”
– Illtud Harri, BHPB
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Then, in December, BHP said it was considering selling the entire project or a 25 percent stake after reports that three state-owned companies and one private company were interested in buying the project outright.
In a meeting with the House of Representatives in January, BHP representatives said it was sticking with its initial projection that production would begin in 2014.
Indra Diannajaya, president director of PT Lahai Coal, a local subsidiary of BHP that was working in Maruwai before the project was put under review, said the Haju field required an investment of $500 million to $1 billion. Indra said it could initially produce 200,000 tons of coal a year, rising to 6 million tons after six years.
The Energy Ministry said on Tuesday the domestic companies interested in Maruwai were PT Bumi Resources, PT Medco Energi Internasional, PT Adaro Energy, PT Aneka Tam bang and PT Indika Energy.
Source: The Jakarta Globe
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Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
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- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
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- Sindya Power Generating Company Private Ltd
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- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
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- Georgia Ports Authority, United States
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- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
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- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
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- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
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- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
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- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
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