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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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Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
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- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- VISA Power Limited - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- White Energy Company Limited
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
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