COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy Atlantic  markets  remain  firm.  Supramaxes  open  in  USG  are  now  achieving low/mid&n ...


Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...


Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...


Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...


Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...


   1170 1171 1172 1173 1174   
Showing 5856 to 5860 news of total 6871
News by Category
Popular News
 
Total Members : 28,635
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Energy Development Corp, Philippines
  • Vijayanagar Sugar Pvt Ltd - India
  • Barclays Capital - USA
  • South Luzon Thermal Energy Corporation
  • McConnell Dowell - Australia
  • Indonesian Coal Mining Association
  • Electricity Generating Authority of Thailand
  • IOL Indonesia
  • Mintek Dendrill Indonesia
  • Bank of China, Malaysia
  • LBH Netherlands Bv - Netherlands
  • Aditya Birla Group - India
  • Chettinad Cement Corporation Ltd - India
  • Glencore India Pvt. Ltd
  • Bukit Asam (Persero) Tbk - Indonesia
  • Idemitsu - Japan
  • Banpu Public Company Limited - Thailand
  • Thai Mozambique Logistica
  • Directorate General of MIneral and Coal - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Reliance Power - India
  • Port Waratah Coal Services - Australia
  • NALCO India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Neyveli Lignite Corporation Ltd, - India
  • Electricity Authority, New Zealand
  • Meralco Power Generation, Philippines
  • SGS (Thailand) Limited
  • Indorama - Singapore
  • Sojitz Corporation - Japan
  • Japan Coal Energy Center
  • Orica Mining Services - Indonesia
  • Manunggal Multi Energi - Indonesia
  • India Bulls Power Limited - India
  • Thermax Limited - India
  • Rio Tinto Coal - Australia
  • Ministry of Mines - Canada
  • Posco Energy - South Korea
  • GVK Power & Infra Limited - India
  • Salva Resources Pvt Ltd - India
  • Attock Cement Pakistan Limited
  • Cebu Energy, Philippines
  • Pinang Coal Indonesia
  • Arch Coal - USA
  • Qatrana Cement - Jordan
  • Enel Italy
  • Kalimantan Lumbung Energi - Indonesia
  • Australian Commodity Traders Exchange
  • Asmin Koalindo Tuhup - Indonesia
  • PLN Batubara - Indonesia
  • JPMorgan - India
  • Parliament of New Zealand
  • PetroVietnam
  • Sakthi Sugars Limited - India
  • Kumho Petrochemical, South Korea
  • SMC Global Power, Philippines
  • Kaltim Prima Coal - Indonesia
  • DBS Bank - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Permata Bank - Indonesia
  • Australian Coal Association
  • International Coal Ventures Pvt Ltd - India
  • London Commodity Brokers - England
  • Freeport Indonesia
  • Central Electricity Authority - India
  • IBC Asia (S) Pte Ltd
  • Lanco Infratech Ltd - India
  • BRS Brokers - Singapore
  • Xstrata Coal
  • Coal India Limited
  • Arutmin Indonesia
  • Interocean Group of Companies - India
  • GB Group - China
  • White Energy Company Limited
  • Clarksons - UK
  • KEPCO - South Korea
  • Straits Asia Resources Limited - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • Cemex - Philippines
  • Goldman Sachs - Singapore
  • IEA Clean Coal Centre - UK
  • Uttam Galva Steels Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • MS Steel International - UAE
  • The Treasury - Australian Government
  • JPower - Japan
  • Indian School of Mines
  • Agrawal Coal Company - India
  • SN Aboitiz Power Inc, Philippines
  • Kohat Cement Company Ltd. - Pakistan
  • Makarim & Taira - Indonesia
  • Xindia Steels Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Runge Indonesia
  • UOB Asia (HK) Ltd
  • Argus Media - Singapore
  • Noble Europe Ltd - UK
  • IMC Shipping - Singapore
  • Mechel - Russia
  • TNPL - India
  • Indogreen Group - Indonesia
  • Formosa Plastics Group - Taiwan
  • CESC Limited - India
  • Sindya Power Generating Company Private Ltd
  • Thailand Anthracite
  • Tamil Nadu electricity Board
  • Thomson Reuters GRC
  • Credit Suisse - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Tata Power - India
  • Kideco Jaya Agung - Indonesia
  • Latin American Coal - Colombia
  • ICICI Bank Limited - India
  • Singapore Mercantile Exchange
  • Sical Logistics Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • Grasim Industreis Ltd - India
  • IHS Mccloskey Coal Group - USA
  • TGV SRAAC LIMITED, India
  • bp singapore
  • Mitra SK Pvt Ltd - India
  • Mitsubishi Corporation
  • Karaikal Port Pvt Ltd - India
  • Mjunction Services Limited - India
  • Bangladesh Power Developement Board
  • NTPC Limited - India
  • Heidelberg Cement - Germany
  • European Bulk Services B.V. - Netherlands
  • Orica Australia Pty. Ltd.
  • WorleyParsons
  • Kapuas Tunggal Persada - Indonesia
  • Asian Development Bank
  • Cigading International Bulk Terminal - Indonesia
  • Lafarge - France
  • Semirara Mining Corp, Philippines
  • Bangkok Bank PCL
  • Russian Coal LLC
  • Petron Corporation, Philippines
  • globalCOAL - UK
  • Aboitiz Power Corporation - Philippines
  • Commonwealth Bank - Australia
  • Samtan Co., Ltd - South Korea
  • Asia Cement - Taiwan
  • Barasentosa Lestari - Indonesia
  • Global Business Power Corporation, Philippines
  • Maheswari Brothers Coal Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • GMR Energy Limited - India
  • Savvy Resources Ltd - HongKong
  • Videocon Industries ltd - India
  • Bank of America
  • Ind-Barath Power Infra Limited - India
  • Ambuja Cements Ltd - India
  • EIA - United States
  • Kobe Steel Ltd - Japan
  • CoalTek, United States
  • Economic Council, Georgia
  • Indian Oil Corporation Limited
  • Maybank - Singapore
  • ANZ Bank - Australia
  • PNOC Exploration Corporation - Philippines
  • Shree Cement - India
  • Coastal Gujarat Power Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Sucofindo - Indonesia
  • Fearnleys - India
  • Cement Manufacturers Association - India
  • The University of Queensland
  • Maruti Cements - India
  • CCIC - Indonesia
  • Carbofer General Trading SA - India
  • Jindal Steel & Power Ltd - India
  • Britmindo - Indonesia
  • Vale Mozambique
  • Mitsui
  • Star Paper Mills Limited - India
  • Planning Commission, India
  • Moodys - Singapore
  • Ministry of Finance - Indonesia
  • Intertek Mineral Services - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Petrosea - Indonesia
  • Altura Mining Limited, Indonesia
  • Geoservices-GeoAssay Lab
  • Eastern Energy - Thailand
  • TANGEDCO India
  • Siam City Cement PLC, Thailand
  • Bukit Makmur.PT - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Krishnapatnam Port Company Ltd. - India
  • Bhoruka Overseas - Indonesia
  • Bulk Trading Sa - Switzerland
  • Iligan Light & Power Inc, Philippines
  • SRK Consulting
  • Romanian Commodities Exchange
  • Trasteel International SA, Italy
  • Gupta Coal India Ltd
  • Binh Thuan Hamico - Vietnam
  • GN Power Mariveles Coal Plant, Philippines
  • Maersk Broker
  • UBS Singapore
  • Maharashtra Electricity Regulatory Commission - India
  • Jaiprakash Power Ventures ltd
  • Karbindo Abesyapradhi - Indoneisa
  • Platou - Singapore
  • EMO - The Netherlands
  • Adani Power Ltd - India
  • U S Energy Resources
  • Wilmar Investment Holdings
  • Merrill Lynch Bank
  • Core Mineral Indonesia
  • Wood Mackenzie - Singapore
  • TRAFIGURA, South Korea
  • SUEK AG - Indonesia
  • J M Baxi & Co - India
  • San Jose City I Power Corp, Philippines
  • HSBC - Hong Kong
  • SASOL - South Africa
  • Energy Link Ltd, New Zealand
  • Peabody Energy - USA
  • Berau Coal - Indonesia
  • Medco Energi Mining Internasional
  • CIMB Investment Bank - Malaysia
  • Jorong Barutama Greston.PT - Indonesia
  • Vitol - Bahrain
  • Alfred C Toepfer International GmbH - Germany
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Thiess Contractors Indonesia
  • World Coal - UK
  • Bhatia International Limited - India
  • Directorate Of Revenue Intelligence - India
  • Cosco
  • Shenhua Group - China
  • Therma Luzon, Inc, Philippines
  • The State Trading Corporation of India Ltd
  • Bhushan Steel Limited - India
  • KOWEPO - South Korea
  • Infraline Energy - India
  • Deloitte Consulting - India
  • PLN - Indonesia
  • Total Coal South Africa
  • Ernst & Young Pvt. Ltd.
  • PowerSource Philippines DevCo
  • Indian Energy Exchange, India
  • Independent Power Producers Association of India
  • Cardiff University - UK
  • Globalindo Alam Lestari - Indonesia
  • Global Coal Blending Company Limited - Australia
  • OPG Power Generation Pvt Ltd - India
  • Larsen & Toubro Limited - India
  • Rudhra Energy - India
  • Sree Jayajothi Cements Limited - India
  • Marubeni Corporation - India
  • Minerals Council of Australia
  • Oldendorff Carriers - Singapore
  • Baramulti Group, Indonesia
  • Coaltrans Conferences
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Cargill India Pvt Ltd
  • Vizag Seaport Private Limited - India
  • World Bank
  • Samsung - South Korea
  • Coeclerici Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Tata Chemicals Ltd - India
  • Sarangani Energy Corporation, Philippines
  • Indo Tambangraya Megah - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Standard Chartered Bank - UAE
  • MEC Coal - Indonesia
  • Panama Canal Authority
  • Thriveni
  • Bayan Resources Tbk. - Indonesia
  • Simpson Spence & Young - Indonesia
  • KPCL - India
  • Adaro Indonesia
  • KPMG - USA
  • Central Java Power - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Toyota Tsusho Corporation, Japan
  • Holcim Trading Pte Ltd - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Indika Energy - Indonesia
  • Kobexindo Tractors - Indoneisa
  • ING Bank NV - Singapore
  • BNP Paribas - Singapore
  • Meenaskhi Energy Private Limited - India
  • The India Cements Ltd
  • Anglo American - United Kingdom
  • PetroVietnam Power Coal Import and Supply Company
  • PTC India Limited - India
  • Humpuss - Indonesia
  • Antam Resourcindo - Indonesia
  • Renaissance Capital - South Africa
  • Ince & co LLP
  • Georgia Ports Authority, United States
  • Indonesia Power. PT
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Semirara Mining and Power Corporation, Philippines
  • Tanito Harum - Indonesia
  • APGENCO India
  • McKinsey & Co - India
  • Gresik Semen - Indonesia
  • Edison Trading Spa - Italy
  • Metalloyd Limited - United Kingdom
  • Coalindo Energy - Indonesia
  • Surastha Cement
  • Africa Commodities Group - South Africa
  • SMG Consultants - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • GNFC Limited - India
  • Essar Steel Hazira Ltd - India
  • Inco-Indonesia
  • ASAPP Information Group - India
  • Gujarat Sidhee Cement - India
  • Miang Besar Coal Terminal - Indonesia
  • CNBM International Corporation - China
  • Eastern Coal Council - USA
  • Madhucon Powers Ltd - India
  • Riau Bara Harum - Indonesia
  • Borneo Indobara - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • TeaM Sual Corporation - Philippines
  • Ministry of Transport, Egypt
  • Bharathi Cement Corporation - India
  • Siam City Cement - Thailand
  • GAC Shipping (India) Pvt Ltd
  • RBS Sempra - UK
  • Malabar Cements Ltd - India
  • OCBC - Singapore
  • ACC Limited - India
  • GHCL Limited - India
  • Parry Sugars Refinery, India
  • ETA - Dubai
  • Gujarat Mineral Development Corp Ltd - India
  • New Zealand Coal & Carbon
  • Coal and Oil Company - UAE
  • Malco - India
  • Power Finance Corporation Ltd., India
  • Merrill Lynch Commodities Europe
  • Chamber of Mines of South Africa
  • Global Green Power PLC Corporation, Philippines
  • VISA Power Limited - India
  • Coal Orbis AG
  • Mercator Lines Limited - India
  • Mercuria Energy - Indonesia
  • Inspectorate - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Deutsche Bank - India
  • Vedanta Resources Plc - India
  • Platts
  • Price Waterhouse Coopers - Russia
  • Jatenergy - Australia
  • Dalmia Cement Bharat India