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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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Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
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- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- ASAPP Information Group - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Australian Coal Association
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- The University of Queensland
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
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