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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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Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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Showing 6006 to 6010 news of total 6871 |
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- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
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- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
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- Kapuas Tunggal Persada - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
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- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
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- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
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- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- The University of Queensland
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
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- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
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- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
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- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
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- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
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