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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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Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
Monday, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
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- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
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- White Energy Company Limited
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
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- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
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- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
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- Power Finance Corporation Ltd., India
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- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
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- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
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- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
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