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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, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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Showing 5896 to 5900 news of total 6871 |
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- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
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