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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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Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the hom ...
Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...
Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...
Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...
Friday, 04 December 09
KALIMANTAN GOLD AGREES TO SELL IBP COAL CONCESSION
COALspot.com ( Press Release): Kalimantan Gold Corporation Limited ("KLG" or the "Company"), which undertook drilling and had an ...
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- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
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