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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, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
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Showing 5916 to 5920 news of total 6871 |
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- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Australian Coal Association
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
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