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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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Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
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- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Parliament of New Zealand
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- White Energy Company Limited
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
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