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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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Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
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- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- The University of Queensland
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Australian Coal Association
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
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