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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$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
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- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
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- Global Business Power Corporation, Philippines
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- Billiton Holdings Pty Ltd - Australia
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- Bangladesh Power Developement Board
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- VISA Power Limited - India
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- Thiess Contractors Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
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- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Parliament of New Zealand
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- Thai Mozambique Logistica
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- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
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- LBH Netherlands Bv - Netherlands
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- The University of Queensland
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
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- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
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- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
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- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Marubeni Corporation - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
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- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
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