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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, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
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- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Minerals Council of Australia
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Australian Coal Association
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
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