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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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- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
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