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Wednesday, 10 June 09
BHP TO CUT 450 JOBS AT INDONESIAN COAL PROJECT - REUTERS
.jpg) Reuters reported that, BHP Billiton Ltd will lay off all 450 workers at its Indonesian coal project after deciding not to go ahead with the project, the mining firm said on Wednesday.
The global financial crisis and sharp falls in metals as well as coal prices have forced some companies to abandon or put on hold their plans to bring new mines on stream.
The world's largest miner announced in January this year it would cut 6,000 jobs and close the Ravensthorpe nickel mine in Australia while reviewing other projects due to falls in metal prices.
On Tuesday, BHP Billiton said it would not go ahead with the Haju trial coal mine in Central Kalimantan on Borneo island because it did not fit with its long-term investment strategy.
"We will focus on completing our obligation to the government, employees and shareholders," Indra Diannanjaya, president director of PT Lahai Coal, which is part of BHP's Maruwai coal project.
Haju was stage one of the Maruwai coal project, the 100 percent BHP Billiton owned metallurgical coal deposit, in Central Kalimantan which was expected to produce 1 million tonnes of metallurgical coal -- used for steel-making -- per year.
"All 450 workers will be laid off gradually. We are working to find the best commercial options to our coal contracts," Diannanjaya said, without elaborating.
In June last year, the firm announced it would invest $100 million to develop the project which was expected to start producing in the middle of this year.
Some 250 contractors would also lose their jobs in the project, BHP Billiton said in a separate statement.
BHP Billiton said on Wednesday it has agreed to take a 58 percent price cut for the coal it sells to major steel-makers, in line with market expectations and a sharp downturn in the global steel industry.
In November last year BHP decided also decided to scrap a study into developing an integrated nickel project in eastern Indonesia which was under a conditional agreement with Indonesian state miner PT Antam Tbk.
Separately, the government said it has not yet received official report from BHP Billiton on its Indonesian coal project.
"We haven't received any formal notice," Bambang Gatot Ariyono, director of coal and mineral enterprise at Indonesia's energy and mines ministry.
"But they have to report to us whether they are going to pull out of the project or ask other investors to take over the project," he said.
The move is another blow to Indonesia's mining sector which has struggled to attract new investment from major global mining players in recent years, partly due to issues such as uncertainty over mining regulations and disputes with local governments.
Source:http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSJAK42450320090610
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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
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- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Planning Commission, India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
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