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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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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- The University of Queensland
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
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- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
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- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
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- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
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- Indika Energy - Indonesia
- Parliament of New Zealand
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- Minerals Council of Australia
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- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
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- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
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- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Planning Commission, India
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- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
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- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
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- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
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