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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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Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
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- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Australian Coal Association
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
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- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
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- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
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- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
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- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
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- London Commodity Brokers - England
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- Indogreen Group - Indonesia
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- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
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