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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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Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
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- Ministry of Mines - Canada
- Economic Council, Georgia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
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