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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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Saturday, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
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- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- The University of Queensland
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
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