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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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Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
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Showing 6021 to 6025 news of total 6871 |
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- Africa Commodities Group - South Africa
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- TNB Fuel Sdn Bhd - Malaysia
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- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
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- International Coal Ventures Pvt Ltd - India
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- Independent Power Producers Association of India
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- Standard Chartered Bank - UAE
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- Interocean Group of Companies - India
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- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
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- Renaissance Capital - South Africa
- McConnell Dowell - Australia
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- Georgia Ports Authority, United States
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- The Treasury - Australian Government
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- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
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- Merrill Lynch Commodities Europe
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- Samtan Co., Ltd - South Korea
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- Tamil Nadu electricity Board
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- Siam City Cement - Thailand
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
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- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
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- Miang Besar Coal Terminal - Indonesia
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- Heidelberg Cement - Germany
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- MS Steel International - UAE
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- Indonesian Coal Mining Association
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- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
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- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Planning Commission, India
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- Antam Resourcindo - Indonesia
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- Bangladesh Power Developement Board
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- Bulk Trading Sa - Switzerland
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- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
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- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
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- Indian Oil Corporation Limited
- The University of Queensland
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- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- White Energy Company Limited
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- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
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- Salva Resources Pvt Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
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- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
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- Alfred C Toepfer International GmbH - Germany
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