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Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
 Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite attractive.
The Hindu Business Online reported that, 11 The large-size power projects announced by various Indian companies seem to have prompted a standalone Indonesian coal miner to come knocking on their doors.
Middle East Coal (MEC), a joint venture between Trimex Group and the UAE Government-owned RAK Minerals and Metals Investment, has initiated talks with these players to swap equity for coal. The company assures coal supply at $35-$40 a tonne for 15 years. Currently, coal prices are around $50-$55 a tonne.
MEC is developing a coal mine at East Kalimantan in Indonesia with proven reserves of two billion tonnes at an investment of $1 billion.
Mr Madhu Koneru, Executive Vice-Chairman, MEC, said production would begin with two million tonnes by the middle of next year and would be ramped up to 15 million tonnes by November 2011.
“We have floated a tender of $1 billion to develop a coal jetty and rail link of 130 km to transport the coal from the mine. With such huge investments, we thought of forward integration by joining hands with the promoters of large power projects,” he added.
The company wants to sell 70 per cent of its production to India and the balance to China.
On an average, about 17 million tonnes of coal are needed for a generation capacity of 5,000 MW. Coal accounts for about 60-70 per cent of the power production cost in India for producers dependent on imports.
Though companies such as Reliance Power, Tata Power and Adani Power have their own mines in Indonesia, MEC is confident of convincing Indian companies as the price it is offering is quite attractive.
It has managed to offer a lower price compared to others as the rail link being developed will result in savings of about 50 per cent of transportation costs.
The company is targeting new power projects as existing companies use coal with calorific value of 6300 Kcal/kg while MEC will produce coal with calorific value of 5300 Kcal/kg. The stripping ratio of MEC mines is 1:1 (mud to coal), while for most mines it is 8:1, said Mr Koneru.
MEC has also signed an agreement with Nalco which plans to set up a one million tonne alumina smelter at the coal mine site in Indonesia. Nalco will hold 74 per cent stake in the project while MEL will have 26 per cent equity to provide assured coal supplies. The company is in the process of negotiating the price, he said.
Source: The Hindu Business Online
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Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
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Showing 6411 to 6415 news of total 6871 |
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- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Australian Coal Association
- Planning Commission, India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- The University of Queensland
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
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