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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$100 million.
BHP initially expected the mine to begin coal production by the middle of 2009, but in June last year the company decided to back down from its plan to develop the Haju mine, saying the project was not in line with the company’s long term business strategy.
This decision led to some 450 workers losing their jobs.
The company also signaled that it would completely pull out from Indonesia. However, in January BHP revised this position and told legislators it would only sell between 20 and 25 percent of its stake in the mine.
Several companies had reportedly bid for the 25 percent stake including PT Tambang Batubara Bukit Asam, the Djarum Group, the Rajawali Corp., Medco Energi, and PT Antam.
Source: The Jakarta Post ( By: Alfian )
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Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
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- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- White Energy Company Limited
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
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