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Wednesday, 03 June 09
BUILDING A ROAD TO LINK 3 GIANTS - THE JAKARTA GLOBE
 Madhu Koneru is building a road to the future that will bring together the financial heft of the Middle East, the technological know-how of a rising India and the vast natural resources of emerging Indonesia.
The $800 million infrastructure project his company, RAK Minerals & Metals Investments, is undertaking in Kalimantan will provide better access to the rich coal deposits there and create new opportunities and thousands of jobs. The project includes a 135-kilometer rail line, a road and a coal terminal.
The next stage of the project will include a $3 billion smelter and 1,400-megawatt power plant, which Koneru said would create 3,000 new jobs in the future.
“This is not rocket science,” he said. “We are developing traditional infrastructure that creates employment and industrial growth using Indonesian coal as the base.”
RMMI, a joint venture between India’s Trimex Group and the United Arab Emirates, has been working on the railway project for the past two years and expects to complete it in the third quarter of 2010. It hopes to have the smelter and power plant completed in the next five years.
RMMI was founded in 2007 with an investment of $200 million, and has grown into a global conglomerate with an asset base of more than $4 billion. The company has expanded into Africa, Europe, India and the Middle East. Last year, it established Middle East Coal to manage the group’s coal investments in Indonesia .
Koneru said the global credit crunch had not affected the appetite among Middle Eastern investors for opportunities in this region, and in Indonesia in particular. RMMI aims to be at the forefront of the coming wave of investment to link the Middle East, India and Indonesia.
“The combination of India, UAE and Indonesia is the right mix and is a proven formula,” he said. “It’s an example of how things can move forward between three countries that are so close to each other.”
India, he said, is a big market for Indonesian coal and thus has a natural interest in being part of the growth story in this country. India imports 100 million tons of coal each year to feed its growing energy needs and Indonesia is one of its biggest suppliers.
Doing business in Indonesia, he said, had its own unique challenges, but was no different from other countries RMMI has investments in, such as Congo and Armenia. It took the company four months to get the necessary paperwork done for its railway line and coal terminal.
But not all of its investments in Indonesia have proceeded so smoothly. RMMI’s $1.5 billion investment in the Tanjung Api-Api integrated port project in South Sumatra hit some snags over land acquisition for the development.
“In South Sumatra, we have had some problems with the land for the port, but when that issue is cleared we will go back,” Koneru said.
Infrastructure specialist Scott Younger, chief commissioner of Glendale Partners, said the project would open up access through the heart of East Kalimantan, where the development of smaller and mid-sized coal mines has proceeded slowly due to a lack of supporting infrastructure.
The RMMI railway is expected to connect six coal mines in the region, but it is unclear how many of these mines have signed up so far. “This project has been on the cards for a long time and [RMMI] are the right people to develop it,” Younger said.
Given the mountainous terrain and thick rainforest in Kalimantan, the region is largely uninhabited, except for local tribes.
It is hoped that with the road and railway track, the region may attract migrants as new industries open up, fuelling development and urban growth.
Source: http://thejakartaglobe.com/business/building-a-road-to-link-3-giants/278805
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Tuesday, 02 June 09
GOVT FINALIZING DMO MECHANISM, REFERENCE PRICE FOR COAL - THE JAKARTA POST
Indonesia, the world's largest thermal coal exporter, is finalizing regulations on a reference price on coal, on a domestic market obligation (DMO) ...
Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic p ...
Tuesday, 02 June 09
INDONESIA'S COAL EXPORTS REACH US$ 3.44 BILLION SO FAR THIS YEAR - TRADINGCHARTS
Indonesia`s coal exports in the January-April 2009 period increased by 21.31 per cent to US$3.44 billion compared to US$2.83 billion in the same per ...
Tuesday, 02 June 09
INDONESIA'S BUKIT ASAM AGREES HIGHER COAL PRICES - REUTERS
Indonesian state coal miner PT Bukit Asam Tbk said it has agreed coal prices for two power plants owned by state electricity firm PT Perusahaan List ...
Tuesday, 02 June 09
ADARO MAY RAISE COAL SALES TO CHINA, INDIA PLANTS - THE JAKARTA GLOBE
PT Adaro Energy, the country’s second-largest coal producer, may increase sales of power-plant coal to China and India on signs of a global ec ...
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- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- White Energy Company Limited
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
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