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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, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...
Thursday, 17 June 10
COAL EXPLORATION & DEVELOPMENTS HOTPOTS CONFERENCE
Press Release: The Coal Exploration and Developments Hotspots conference will bring together a panel of more than 20 of the world’s lead ...
Thursday, 17 June 10
AUSTRALIA'S LEIGHTON WINS $1.3 BILLION OF NEW WORK - THE JAKARTA POST
Australian construction and contract mining group Leighton Holdings Ltd. said Thursday it has won 1.5 billion Australian dollars ($1.3 billion) of n ...
Wednesday, 16 June 10
INDONESIAS STATE OWNED ELECTRICITY COMPANY WILL CONSUME 95.30 MILLION TONS OF COAL IN 2014
COALspot.com: Indonesia's state owned electricity company forecasted its coal requirement in 2014 would be around 95 million tons.  ...
Wednesday, 16 June 10
MADHYA PRADESH GOVT IMPORT 50K METRIC TONNES OF COAL FROM INDONESIA - DNA INDIA
DNA India reported that, the Madhya Pradesh government has imported 50,000 metric tonnes of coal from Indonesia to deal with its shortage which is a ...
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- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- PTC India Limited - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Mercator Lines Limited - India
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