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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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Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
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- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Australian Coal Association
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Central Electricity Authority - India
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