We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 $1 billion to develop a coal jetty and rail link of 130 km to transport the coal from the mine. With such huge investments, we thought of forward integration by joining hands with the promoters of large power projects,” he added.
The company wants to sell 70 per cent of its production to India and the balance to China.
On an average, about 17 million tonnes of coal are needed for a generation capacity of 5,000 MW. Coal accounts for about 60-70 per cent of the power production cost in India for producers dependent on imports.
Though companies such as Reliance Power, Tata Power and Adani Power have their own mines in Indonesia, MEC is confident of convincing Indian companies as the price it is offering is quite attractive.
It has managed to offer a lower price compared to others as the rail link being developed will result in savings of about 50 per cent of transportation costs.
The company is targeting new power projects as existing companies use coal with calorific value of 6300 Kcal/kg while MEC will produce coal with calorific value of 5300 Kcal/kg. The stripping ratio of MEC mines is 1:1 (mud to coal), while for most mines it is 8:1, said Mr Koneru.
MEC has also signed an agreement with Nalco which plans to set up a one million tonne alumina smelter at the coal mine site in Indonesia. Nalco will hold 74 per cent stake in the project while MEL will have 26 per cent equity to provide assured coal supplies. The company is in the process of negotiating the price, he said.
Source: The Hindu Business Online
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 17 August 09
CHINESE COAL PURCHASE COULD START A TREND
ABC Rural reported that, The takeover of a major Australian coal mining company by Chinese-owned Yanzhou has raised fears coal markets could be domi ...
Saturday, 15 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The dry bulk market continued to be soft in the beginning of the week, however towards to end of the week the BDI recovere ...
Friday, 14 August 09
ASIA GREEN TO SELL MORE COAL
I Stock Analyst reported that, Asia Green Energy Plc (AGE) aims to increase its coal sales by 20 percent to 1 million tonnes this year, given the gl ...
Friday, 14 August 09
INDONESIA COAL-PRICES FALL TO $74, INDIA EYES SEPT CARGOES
Reuters reported that, Prices of power-station coal from Australia fell to around $74 a tonne as demand eased, while Indian buyers started to look f ...
Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
|
|
|
Showing 6501 to 6505 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
|
| |
| |
|
