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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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Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
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- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Australian Coal Association
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
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