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Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
 Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed to have approached Essar Power, Reliance Power, Lanco Infratech, Navabharat Power and GVK Power for a possible alliance.
Sources said MEC needed investments to set up infrastructure and give logistical support to its mines. It also requires a 130-kilometre rail line and a jetty to evacuate coal.
"We don't comment on market speculation. MEC is already backed by committed investors and since beginning we have been exploring a number of different financing options for our coal mine, railway, port, power plant and aluminum smelter projects in Indonesia. These include swap deals with power companies and long-term off-take agreements," the company said in an e-mailed statement.
MEC Coal is a joint venture between the Trimex Group and the government of Ras Al Khaimah. It is developing one of the largest greenfield mines in Asia, located in the East Kalimantan province of Indonesia. Its Indonesian subsidiary, PT Tekno Orbit Persada, is developing the mine, which has estimated coal resources of two billion tonnes and measured reserves of 800 million tonnes.
It has two adjoining coal blocks. Each block can produce 17 million tonnes per annum (mtpa) during the first phase of the production plan. Production from these mines would begin with two million tonnes in 2010, which would increase to seven million in 2011 and nine million in 2012, the company had said. The company has already acquired 5,000 hectares for the mines and completed feasibility and environmental studies.
"The mines produce thermal coal, which is more suited to fire coal-based power plants, and hence, it is in talks with power companies which are looking at coal assets in Indonesia," said a source close to the development.
MEC's Executive Vice-Chairman, Madhu Koneru, had earlier talked about adopting a partnership strategy for India, where they would like to work with independent power producers (IPPs) by providing long-term assurance of supplying coal from its mines in Indonesia.
A report by Fitch Ratings predicts that coal imports by Indian power companies will increase significantly. "During 2009-10, India imported 70 million tonnes, and we expect it to rise to 85 million tonnes by the end of 2010-11. The power ministry has forecast that coal imports will increase to at least 100 million tonnes by 2011-12," said the report on coal-fired power.
Source: Business-Standard (by Katya B Naidu)
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Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...
Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
COALspot.com: Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purc ...
Wednesday, 27 October 10
CHINA AIDS RUSSIA IN DEVELOPING COAL RESOURCES - PEOPLE'S DAILY
People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...
Wednesday, 27 October 10
MAIDEN COAL SHIPMENTS TO NOBLE RESOURCES - PAN ASIA AUSTRALIA
Press Release :
First Coal Shipments made from Nadvara Coal Project, East Kalimantan
51,616 tonnes delivered from October production &ndas ...
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- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- MS Steel International - UAE
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- The University of Queensland
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
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