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Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
  The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia’s second largest thermal coal producer PT Adaro Energy, the world’s largest mining company announced Wednesday.
“These agreements with Adaro provide a strong local partner to ensure the successful development of our world class metallurgical coal interests in Indonesia,” BHP’s president for metallurgical coal Hubie van Dalsen said on the firms’s website.
BHP holds the remaining 75 percent of Maruwai and the company will form a joint venture with Adaro to manage it.
The Maruwai project’s external relations manager Indra Diannanjaya would not divulge the value of the 25 percent divested stake, since the completion of the transaction is subject to government approval.
Bambang Setiawan, director general for minerals, coal and geothermal at the Energy and Mineral Resources Ministry, said the divestment stake had been regulated in each mining contract. “We will evaluate whether this [BHP divestment] has been in accordance with the contract or not,” Bambang said.
The Maruwai coal project covers seven Coal Contracts of Work (CCoWs) located in East and Central Kalimantan and Adaro has operations near the site. BHP said the concession contained an estimated 774 million tons of undeveloped metallurgical and thermal coal. The project is expected to start coal production in 2014 with output to reach 6 million tons per year by 2019.
One of the contracts covers the Haju open-cast mine, where BHP plans to invest US$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
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Saturday, 17 July 10
BULLISH OUTLOOK FOR COKING COAL - MINING MX & HELLENIC SHIPPING
Mining Mx reported that, the coking coal market has better long-term fundamentals than the iron ore market, according to a recent research rep ...
Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
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- Miang Besar Coal Terminal - Indonesia
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- GMR Energy Limited - India
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- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
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- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- SMC Global Power, Philippines
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- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
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- Standard Chartered Bank - UAE
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- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
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- Aditya Birla Group - India
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- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- MS Steel International - UAE
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- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
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- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
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- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
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- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
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