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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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Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...
Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...
Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...
Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...
Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...
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Showing 6841 to 6845 news of total 6871 |
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- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Planning Commission, India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
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