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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, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- PTC India Limited - India
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Australian Coal Association
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
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