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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
MEC is JV between UAE investment fund RAK Minerals & Metals Investments and UAE based mining company Trimex. RMMI won a license in March to build a 150 kilometers long rail link carrying coal from a mine in Indonesia's East Kalimantan province to a coal terminal.
Mr Madu Koneru VC of Middle East Coal said that "We are close to signing a contact with a number of Indian power plants who need to be supplied with coal over the coming 15 years, the deals will be finalized by the end of next month. India has one of the fastest growing economies and also has a shortage of power supply so that's why we have decided to go ahead with these deals."
The deals would help MEC find the USD 500 million in financing it needs for the project. MEC would start approaching institutions for funding once the deals were in place.
He said that RMMI plans to provide USD 100 million of the initial USD 600 million investment. Around USD 500 million will come from institutions such as the World Bank. The rest of the investment would come from additional partners that the company is now seeking.
Middle East Coal plans to start shipments of 3 to 5 million tonnes of thermal coal via road. Once the rail project is complete, shipments would rise to 17 million tonnes. MEC had raised its projections for how much coal it could ship as it had progressed with planning for the project. Earlier this year, the company said that it would ship 15 million tonnes of coal.
Sourced from Steel Guru
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Thursday, 24 June 10
DRY BULK MARKET AT LOWEST POINT IN EIGHT MONTHS
The dry bulk market’s demise has failed to turn around so far this week, with the industry’s benchmark, the Baltic Dry Index (BDI), yest ...
Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
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- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
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