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Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
 Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the Energy Ministry said on Tuesday.
Bambang Gatot Ariyono, the ministry’s director of coal and minerals, said BHP had informed the ministry that it had decided against seeking a partner to develop the project. “They came to us a few weeks ago and said they will keep a 100 percent stake in Maruwai,” he said.
Bambang speculated that the decision to retain full interest was based on signs that the global economy was recovering, which would increase demand for coal and raise prices. BHP is the world’s largest exporter of coking coal, which is used to make steel.
However, BHP spokesman Illtud Harri said on Tuesday that his company had not made a decision and was still reviewing the Maruwai project.
“We are continuing to review our commercial options in relation to the Maruwai coal project, including potential sale of part of our interests. We have sought further information on these sale options, through an expression-of-interest process involving a number of parties. That process is continuing,” he said.
BHP has sent mixed signals about the Maruwai project in the past year. In June 2009, it said it was reviewing the project with the intention of selling it, after suspending a plan to develop Maruwai’s Haju field, the first stage of the project, because it didn’t fit with its long-term corporate strategy.
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“We are continuing to review our commercial options in relation to the Maruwai coal project, including potential sale of part of our interests”
– Illtud Harri, BHPB
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Then, in December, BHP said it was considering selling the entire project or a 25 percent stake after reports that three state-owned companies and one private company were interested in buying the project outright.
In a meeting with the House of Representatives in January, BHP representatives said it was sticking with its initial projection that production would begin in 2014.
Indra Diannajaya, president director of PT Lahai Coal, a local subsidiary of BHP that was working in Maruwai before the project was put under review, said the Haju field required an investment of $500 million to $1 billion. Indra said it could initially produce 200,000 tons of coal a year, rising to 6 million tons after six years.
The Energy Ministry said on Tuesday the domestic companies interested in Maruwai were PT Bumi Resources, PT Medco Energi Internasional, PT Adaro Energy, PT Aneka Tam bang and PT Indika Energy.
Source: The Jakarta Globe
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Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
...
Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
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- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- White Energy Company Limited
- MS Steel International - UAE
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
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