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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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- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Planning Commission, India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
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