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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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Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...
Friday, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, ...
Thursday, 11 June 09
PT NALCO PLANS TO CONSTRUCT COAL-FIRED POWER PLANT IN SOUTH SUMATRA - ENERGY BUSINESS REVIEW
PT Nalco (National Aluminium Company Limited), an Indian-based company, plans to construct a coal-fired power plant in South Sumatra. The company in ...
Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace tha ...
Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
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- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- The University of Queensland
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- VISA Power Limited - India
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