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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, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
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- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Australian Coal Association
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Mjunction Services Limited - India
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