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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, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
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- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Marubeni Corporation - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
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