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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, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
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