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Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS


Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start next March, a top official said.

"This is part of our $1 billion (Dh3.67 billion) investment plan in which India's state-owned National Aluminium Co (Nalco) will invest $4 billion to build a 500,000-tonne aluminium smelter and power plant in East Kalimantan," Madhu Koneru, Managing Director of RMMI and Executive Vice Chairman of MEC Holdings, told Gulf News in a phone interview, Gulf News further said.

The first phase of the development programme will involve the commissioning of a 17 million metric tonnes per annum (mmta) coal transportation and handling facility by 2012, while the civil and track work will be completed for a 60 mmta capacity.

MEC Holdings, the venture overseeing all of Ras Al Khaimah and Dubai-based Trimex's Indonesian projects, is investing $1 billion to build the railway and associated facilities on Indonesia's part of Borneo island.
Source: Gulf News



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Wednesday, 20 October 10
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Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
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Wednesday, 20 October 10
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Saturday, 16 October 10
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VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
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