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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, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
Tuesday, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
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- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
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- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
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- Directorate Of Revenue Intelligence - India
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- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
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- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
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- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
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- Billiton Holdings Pty Ltd - Australia
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- Planning Commission, India
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
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- IHS Mccloskey Coal Group - USA
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- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Economic Council, Georgia
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- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
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- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
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- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
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- Parliament of New Zealand
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- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- The University of Queensland
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
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- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
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- GVK Power & Infra Limited - India
- Australian Coal Association
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- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- VISA Power Limited - India
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
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