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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
 Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that it will maintain 75 percent of its stake in the Maruwai coal project in Central Kalimantan, an official said.
"Yesterday BHP reported that it would only divest 25 percent of its stake in the projects. Thus, there is nothing special in this case actually," Director general for coal, minerals, and geothermal Bambang Setiawan told reporters Thursday.
Bambang said several companies were already interested in acquiring the shares and that BHP would make a decision on this no later than the end of March this year.
"We want them to make the decision faster, because they have no reason to prolong the process as with the 75 percent stake, they will remain the operator of the project," he said.
The Maruwai coal project consists of seven Coal Contracts of Works (CCoW), locally known as PKP2B, with a total working area of 330,000 hectares. The initially proposed main development was the Haju open cut mine, one of the seven, on which BHP planned to invest about US$100 million in investment. The company had originally planned that the mine should begin coal production by the middle of 2009.
However, in June last year BHP announced that it had stopped the development of the Haju mine, stating that this was not sufficiently in line with the company's long term investment strategy. The company also announced that it decided to stop a feasibility study of the Lampunut Block, another mine in the Maruwai project and also put its activity in the other five areas on hold subject to further study and a final decision.
"We are reviewing *with a view to* canceling all projects in Indonesia," Indra had said earlier. "These projects do not fit with the company's long-term strategy," Indra Diannanjaya, the Maruwai project's external relations manager had said on June 9, 2009. To read more The Jakarta Post
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Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
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- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
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