COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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 )



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


   1180 1181 1182 1183 1184   
Showing 5906 to 5910 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Banpu Public Company Limited - Thailand
  • Krishnapatnam Port Company Ltd. - India
  • Jatenergy - Australia
  • Minerals Council of Australia
  • Jindal Steel & Power Ltd - India
  • Thailand Anthracite
  • Barclays Capital - USA
  • Borneo Indobara - Indonesia
  • Japan Coal Energy Center
  • San Jose City I Power Corp, Philippines
  • ASAPP Information Group - India
  • Orica Australia Pty. Ltd.
  • SRK Consulting
  • Sree Jayajothi Cements Limited - India
  • Surastha Cement
  • Altura Mining Limited, Indonesia
  • Pinang Coal Indonesia
  • New Zealand Coal & Carbon
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Sarangani Energy Corporation, Philippines
  • SGS (Thailand) Limited
  • Bank of America
  • CNBM International Corporation - China
  • Price Waterhouse Coopers - Russia
  • Ince & co LLP
  • Carbofer General Trading SA - India
  • CESC Limited - India
  • Russian Coal LLC
  • ACC Limited - India
  • Global Green Power PLC Corporation, Philippines
  • VISA Power Limited - India
  • Coeclerici Indonesia
  • Madhucon Powers Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • CCIC - Indonesia
  • Lafarge - France
  • Romanian Commodities Exchange
  • Petron Corporation, Philippines
  • Ambuja Cements Ltd - India
  • NTPC Limited - India
  • Renaissance Capital - South Africa
  • Planning Commission, India
  • SUEK AG - Indonesia
  • Eastern Energy - Thailand
  • DBS Bank - Singapore
  • Panama Canal Authority
  • Idemitsu - Japan
  • SASOL - South Africa
  • Holcim Trading Pte Ltd - Singapore
  • Antam Resourcindo - Indonesia
  • Aditya Birla Group - India
  • Africa Commodities Group - South Africa
  • Sical Logistics Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Cardiff University - UK
  • Mercator Lines Limited - India
  • Bangladesh Power Developement Board
  • GAC Shipping (India) Pvt Ltd
  • World Bank
  • Trasteel International SA, Italy
  • Arutmin Indonesia
  • Thiess Contractors Indonesia
  • Cemex - Philippines
  • NALCO India
  • Heidelberg Cement - Germany
  • SMC Global Power, Philippines
  • Coal Orbis AG
  • Coaltrans Conferences
  • The State Trading Corporation of India Ltd
  • Coalindo Energy - Indonesia
  • Mjunction Services Limited - India
  • PTC India Limited - India
  • OCBC - Singapore
  • Parliament of New Zealand
  • Star Paper Mills Limited - India
  • Therma Luzon, Inc, Philippines
  • Meralco Power Generation, Philippines
  • Coastal Gujarat Power Limited - India
  • CIMB Investment Bank - Malaysia
  • Timah Investasi Mineral - Indoneisa
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Malabar Cements Ltd - India
  • Coal India Limited
  • Sucofindo - Indonesia
  • Petrosea - Indonesia
  • ING Bank NV - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Australian Coal Association
  • Indorama - Singapore
  • CoalTek, United States
  • PNOC Exploration Corporation - Philippines
  • Thriveni
  • Permata Bank - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Indonesia Power. PT
  • Meenaskhi Energy Private Limited - India
  • Vitol - Bahrain
  • Metalloyd Limited - United Kingdom
  • McKinsey & Co - India
  • Agrawal Coal Company - India
  • Rio Tinto Coal - Australia
  • Vijayanagar Sugar Pvt Ltd - India
  • Bharathi Cement Corporation - India
  • Vale Mozambique
  • Deutsche Bank - India
  • EIA - United States
  • Central Java Power - Indonesia
  • Mechel - Russia
  • TRAFIGURA, South Korea
  • Bhatia International Limited - India
  • Bangkok Bank PCL
  • Latin American Coal - Colombia
  • PLN - Indonesia
  • Core Mineral Indonesia
  • Rudhra Energy - India
  • Sinarmas Energy and Mining - Indonesia
  • Moodys - Singapore
  • Pendopo Energi Batubara - Indonesia
  • Siam City Cement - Thailand
  • IBC Asia (S) Pte Ltd
  • Goldman Sachs - Singapore
  • Energy Development Corp, Philippines
  • Anglo American - United Kingdom
  • Port Waratah Coal Services - Australia
  • J M Baxi & Co - India
  • Platou - Singapore
  • Medco Energi Mining Internasional
  • Edison Trading Spa - Italy
  • Straits Asia Resources Limited - Singapore
  • Ind-Barath Power Infra Limited - India
  • Thai Mozambique Logistica
  • Indian School of Mines
  • Humpuss - Indonesia
  • TANGEDCO India
  • Mitsui
  • Attock Cement Pakistan Limited
  • Eastern Coal Council - USA
  • Mitsubishi Corporation
  • Berau Coal - Indonesia
  • Salva Resources Pvt Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Chettinad Cement Corporation Ltd - India
  • Samsung - South Korea
  • Inspectorate - India
  • Bahari Cakrawala Sebuku - Indonesia
  • KEPCO - South Korea
  • McConnell Dowell - Australia
  • IEA Clean Coal Centre - UK
  • BNP Paribas - Singapore
  • Semirara Mining and Power Corporation, Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • Electricity Authority, New Zealand
  • Manunggal Multi Energi - Indonesia
  • RBS Sempra - UK
  • Noble Europe Ltd - UK
  • Toyota Tsusho Corporation, Japan
  • Tata Chemicals Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • GB Group - China
  • Kartika Selabumi Mining - Indonesia
  • Freeport Indonesia
  • Larsen & Toubro Limited - India
  • TGV SRAAC LIMITED, India
  • Total Coal South Africa
  • Asia Cement - Taiwan
  • Gupta Coal India Ltd
  • Britmindo - Indonesia
  • Makarim & Taira - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Singapore Mercantile Exchange
  • globalCOAL - UK
  • Videocon Industries ltd - India
  • Kaltim Prima Coal - Indonesia
  • EMO - The Netherlands
  • Indian Energy Exchange, India
  • Sakthi Sugars Limited - India
  • Platts
  • ETA - Dubai
  • Bulk Trading Sa - Switzerland
  • Uttam Galva Steels Limited - India
  • OPG Power Generation Pvt Ltd - India
  • GHCL Limited - India
  • The India Cements Ltd
  • European Bulk Services B.V. - Netherlands
  • Adaro Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Chamber of Mines of South Africa
  • Alfred C Toepfer International GmbH - Germany
  • Cosco
  • Wood Mackenzie - Singapore
  • Lanco Infratech Ltd - India
  • World Coal - UK
  • Power Finance Corporation Ltd., India
  • HSBC - Hong Kong
  • Clarksons - UK
  • Gujarat Sidhee Cement - India
  • Arch Coal - USA
  • Gresik Semen - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Indian Oil Corporation Limited
  • White Energy Company Limited
  • KPCL - India
  • WorleyParsons
  • Ernst & Young Pvt. Ltd.
  • Energy Link Ltd, New Zealand
  • South Luzon Thermal Energy Corporation
  • Cebu Energy, Philippines
  • Xindia Steels Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • London Commodity Brokers - England
  • Gujarat Electricity Regulatory Commission - India
  • Simpson Spence & Young - Indonesia
  • Inco-Indonesia
  • Dalmia Cement Bharat India
  • bp singapore
  • PowerSource Philippines DevCo
  • Barasentosa Lestari - Indonesia
  • Mercuria Energy - Indonesia
  • ICICI Bank Limited - India
  • Independent Power Producers Association of India
  • GNFC Limited - India
  • Kobexindo Tractors - Indoneisa
  • Credit Suisse - India
  • KOWEPO - South Korea
  • Ministry of Finance - Indonesia
  • ANZ Bank - Australia
  • Karaikal Port Pvt Ltd - India
  • Economic Council, Georgia
  • Peabody Energy - USA
  • Bank of China, Malaysia
  • Cement Manufacturers Association - India
  • UBS Singapore
  • Coal and Oil Company - UAE
  • Electricity Generating Authority of Thailand
  • LBH Netherlands Bv - Netherlands
  • Central Electricity Authority - India
  • Xstrata Coal
  • GVK Power & Infra Limited - India
  • Enel Italy
  • PetroVietnam
  • India Bulls Power Limited - India
  • Kumho Petrochemical, South Korea
  • Maybank - Singapore
  • Maersk Broker
  • Marubeni Corporation - India
  • Commonwealth Bank - Australia
  • Aboitiz Power Corporation - Philippines
  • Maheswari Brothers Coal Limited - India
  • Formosa Plastics Group - Taiwan
  • Mitra SK Pvt Ltd - India
  • Thomson Reuters GRC
  • Riau Bara Harum - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Bhushan Steel Limited - India
  • Australian Commodity Traders Exchange
  • Shenhua Group - China
  • TNB Fuel Sdn Bhd - Malaysia
  • Georgia Ports Authority, United States
  • Deloitte Consulting - India
  • Thermax Limited - India
  • SMG Consultants - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Bhoruka Overseas - Indonesia
  • Baramulti Group, Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Maruti Cements - India
  • IHS Mccloskey Coal Group - USA
  • Parry Sugars Refinery, India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Merrill Lynch Commodities Europe
  • Kobe Steel Ltd - Japan
  • Directorate General of MIneral and Coal - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Neyveli Lignite Corporation Ltd, - India
  • Asmin Koalindo Tuhup - Indonesia
  • APGENCO India
  • Directorate Of Revenue Intelligence - India
  • IMC Shipping - Singapore
  • Kideco Jaya Agung - Indonesia
  • Geoservices-GeoAssay Lab
  • Global Coal Blending Company Limited - Australia
  • Infraline Energy - India
  • Vedanta Resources Plc - India
  • Ministry of Transport, Egypt
  • Maharashtra Electricity Regulatory Commission - India
  • BRS Brokers - Singapore
  • Posco Energy - South Korea
  • Indogreen Group - Indonesia
  • The Treasury - Australian Government
  • Jaiprakash Power Ventures ltd
  • Intertek Mineral Services - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Sojitz Corporation - Japan
  • Indonesian Coal Mining Association
  • Glencore India Pvt. Ltd
  • Oldendorff Carriers - Singapore
  • Adani Power Ltd - India
  • Malco - India
  • Wilmar Investment Holdings
  • Bukit Makmur.PT - Indonesia
  • Tanito Harum - Indonesia
  • JPower - Japan
  • UOB Asia (HK) Ltd
  • Savvy Resources Ltd - HongKong
  • Essar Steel Hazira Ltd - India
  • Miang Besar Coal Terminal - Indonesia
  • Tamil Nadu electricity Board
  • Ministry of Mines - Canada
  • Cargill India Pvt Ltd
  • Samtan Co., Ltd - South Korea
  • Fearnleys - India
  • Interocean Group of Companies - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Kalimantan Lumbung Energi - Indonesia
  • Semirara Mining Corp, Philippines
  • The University of Queensland
  • Karbindo Abesyapradhi - Indoneisa
  • Indo Tambangraya Megah - Indonesia
  • Runge Indonesia
  • PLN Batubara - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Tata Power - India
  • Qatrana Cement - Jordan
  • Shree Cement - India
  • Merrill Lynch Bank
  • Asian Development Bank
  • Grasim Industreis Ltd - India
  • Sindya Power Generating Company Private Ltd
  • Kohat Cement Company Ltd. - Pakistan
  • TNPL - India
  • Billiton Holdings Pty Ltd - Australia
  • MEC Coal - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Orica Mining Services - Indonesia
  • Standard Chartered Bank - UAE
  • Mintek Dendrill Indonesia
  • KPMG - USA
  • MS Steel International - UAE
  • Siam City Cement PLC, Thailand
  • Argus Media - Singapore
  • Global Business Power Corporation, Philippines
  • Vizag Seaport Private Limited - India
  • Indika Energy - Indonesia
  • Reliance Power - India
  • JPMorgan - India
  • Jorong Barutama Greston.PT - Indonesia
  • IOL Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • U S Energy Resources
  • GMR Energy Limited - India
  • TeaM Sual Corporation - Philippines
  • AsiaOL BioFuels Corp., Philippines