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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 $1 billion. Indra said it could initially produce 200,000 tons of coal a year, rising to 6 million tons after six years.
The Energy Ministry said on Tuesday the domestic companies interested in Maruwai were PT Bumi Resources, PT Medco Energi Internasional, PT Adaro Energy, PT Aneka Tam bang and PT Indika Energy.
Source: The Jakarta Globe
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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
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- SMC Global Power, Philippines
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- Meralco Power Generation, Philippines
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- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Xindia Steels Limited - India
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- The State Trading Corporation of India Ltd
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- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
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- Goldman Sachs - Singapore
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- CNBM International Corporation - China
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- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
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- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
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- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
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- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
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- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
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- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Planning Commission, India
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- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
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- White Energy Company Limited
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
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- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
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- Jorong Barutama Greston.PT - Indonesia
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- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
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- Toyota Tsusho Corporation, Japan
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