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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
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site,  Challenger Deep Res ...


Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...


Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...


Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points. Also the Cape in ...


Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...


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