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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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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
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- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Eastern Coal Council - USA
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- CNBM International Corporation - China
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
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- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
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