COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...


Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...


Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...


Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...


Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...


   1197 1198 1199 1200 1201   
Showing 5991 to 5995 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Ceylon Electricity Board - Sri Lanka
  • Medco Energi Mining Internasional
  • J M Baxi & Co - India
  • Metalloyd Limited - United Kingdom
  • Sakthi Sugars Limited - India
  • Trasteel International SA, Italy
  • Alfred C Toepfer International GmbH - Germany
  • Coal and Oil Company - UAE
  • Directorate Of Revenue Intelligence - India
  • Madhucon Powers Ltd - India
  • Parry Sugars Refinery, India
  • TGV SRAAC LIMITED, India
  • Samtan Co., Ltd - South Korea
  • SMC Global Power, Philippines
  • Maersk Broker
  • Infraline Energy - India
  • Thiess Contractors Indonesia
  • Merrill Lynch Bank
  • GB Group - China
  • Qatrana Cement - Jordan
  • Minerals Council of Australia
  • Jaiprakash Power Ventures ltd
  • Standard Chartered Bank - UAE
  • Savvy Resources Ltd - HongKong
  • Toyota Tsusho Corporation, Japan
  • Marubeni Corporation - India
  • CNBM International Corporation - China
  • LBH Netherlands Bv - Netherlands
  • Shenhua Group - China
  • Interocean Group of Companies - India
  • Orica Australia Pty. Ltd.
  • Uttam Galva Steels Limited - India
  • Bhatia International Limited - India
  • Pendopo Energi Batubara - Indonesia
  • Electricity Authority, New Zealand
  • Indorama - Singapore
  • SASOL - South Africa
  • IOL Indonesia
  • Maybank - Singapore
  • Grasim Industreis Ltd - India
  • DBS Bank - Singapore
  • Siam City Cement PLC, Thailand
  • Indo Tambangraya Megah - Indonesia
  • Ministry of Finance - Indonesia
  • Thailand Anthracite
  • India Bulls Power Limited - India
  • Oldendorff Carriers - Singapore
  • Simpson Spence & Young - Indonesia
  • APGENCO India
  • Malco - India
  • San Jose City I Power Corp, Philippines
  • Timah Investasi Mineral - Indoneisa
  • Wood Mackenzie - Singapore
  • KPCL - India
  • International Coal Ventures Pvt Ltd - India
  • Coaltrans Conferences
  • London Commodity Brokers - England
  • Kideco Jaya Agung - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Mitsui
  • MEC Coal - Indonesia
  • The Treasury - Australian Government
  • Vedanta Resources Plc - India
  • Gujarat Mineral Development Corp Ltd - India
  • Sucofindo - Indonesia
  • Mechel - Russia
  • Energy Link Ltd, New Zealand
  • PNOC Exploration Corporation - Philippines
  • McKinsey & Co - India
  • Gujarat Electricity Regulatory Commission - India
  • Glencore India Pvt. Ltd
  • Cemex - Philippines
  • Globalindo Alam Lestari - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Formosa Plastics Group - Taiwan
  • Billiton Holdings Pty Ltd - Australia
  • Australian Coal Association
  • UBS Singapore
  • Maruti Cements - India
  • Asmin Koalindo Tuhup - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Mercuria Energy - Indonesia
  • World Coal - UK
  • U S Energy Resources
  • PLN Batubara - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Karbindo Abesyapradhi - Indoneisa
  • Tata Power - India
  • WorleyParsons
  • NALCO India
  • Essar Steel Hazira Ltd - India
  • Bukit Makmur.PT - Indonesia
  • Petrosea - Indonesia
  • Thai Mozambique Logistica
  • NTPC Limited - India
  • Chamber of Mines of South Africa
  • Leighton Contractors Pty Ltd - Australia
  • Rudhra Energy - India
  • Dalmia Cement Bharat India
  • Independent Power Producers Association of India
  • Indian Oil Corporation Limited
  • Anglo American - United Kingdom
  • Petrochimia International Co. Ltd.- Taiwan
  • ING Bank NV - Singapore
  • MS Steel International - UAE
  • Meenaskhi Energy Private Limited - India
  • European Bulk Services B.V. - Netherlands
  • Noble Europe Ltd - UK
  • Total Coal South Africa
  • Malabar Cements Ltd - India
  • IEA Clean Coal Centre - UK
  • Kapuas Tunggal Persada - Indonesia
  • Arch Coal - USA
  • Coastal Gujarat Power Limited - India
  • Heidelberg Cement - Germany
  • Platts
  • Mitsubishi Corporation
  • Therma Luzon, Inc, Philippines
  • Siam City Cement - Thailand
  • CCIC - Indonesia
  • KOWEPO - South Korea
  • Samsung - South Korea
  • Mjunction Services Limited - India
  • Africa Commodities Group - South Africa
  • GHCL Limited - India
  • GAC Shipping (India) Pvt Ltd
  • Bhoruka Overseas - Indonesia
  • The University of Queensland
  • Vizag Seaport Private Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Cosco
  • CESC Limited - India
  • OCBC - Singapore
  • The State Trading Corporation of India Ltd
  • Jatenergy - Australia
  • Energy Development Corp, Philippines
  • Straits Asia Resources Limited - Singapore
  • IMC Shipping - Singapore
  • Coalindo Energy - Indonesia
  • Inco-Indonesia
  • Power Finance Corporation Ltd., India
  • Deutsche Bank - India
  • Thomson Reuters GRC
  • EMO - The Netherlands
  • SGS (Thailand) Limited
  • TNPL - India
  • Banpu Public Company Limited - Thailand
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Permata Bank - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Cargill India Pvt Ltd
  • Indonesia Power. PT
  • Pinang Coal Indonesia
  • Bank of China, Malaysia
  • Bukit Baiduri Energy - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Core Mineral Indonesia
  • The India Cements Ltd
  • Mercator Lines Limited - India
  • PLN - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • New Zealand Coal & Carbon
  • GMR Energy Limited - India
  • Renaissance Capital - South Africa
  • SRK Consulting
  • PetroVietnam Power Coal Import and Supply Company
  • Jindal Steel & Power Ltd - India
  • Berau Coal - Indonesia
  • Bank of America
  • Romanian Commodities Exchange
  • Lanco Infratech Ltd - India
  • TRAFIGURA, South Korea
  • Sojitz Corporation - Japan
  • Gresik Semen - Indonesia
  • Bangkok Bank PCL
  • Cardiff University - UK
  • Platou - Singapore
  • OPG Power Generation Pvt Ltd - India
  • Cebu Energy, Philippines
  • World Bank
  • Gupta Coal India Ltd
  • Indian School of Mines
  • Makarim & Taira - Indonesia
  • Humpuss - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Chettinad Cement Corporation Ltd - India
  • Mintek Dendrill Indonesia
  • Antam Resourcindo - Indonesia
  • Coal Orbis AG
  • Intertek Mineral Services - Indonesia
  • Vale Mozambique
  • Vitol - Bahrain
  • Idemitsu - Japan
  • Orica Mining Services - Indonesia
  • globalCOAL - UK
  • PetroVietnam
  • Bayan Resources Tbk. - Indonesia
  • Reliance Power - India
  • Tanito Harum - Indonesia
  • South Luzon Thermal Energy Corporation
  • Kohat Cement Company Ltd. - Pakistan
  • RBS Sempra - UK
  • TNB Fuel Sdn Bhd - Malaysia
  • GN Power Mariveles Coal Plant, Philippines
  • Georgia Ports Authority, United States
  • Bulk Trading Sa - Switzerland
  • Thriveni
  • Eastern Energy - Thailand
  • IHS Mccloskey Coal Group - USA
  • PowerSource Philippines DevCo
  • Economic Council, Georgia
  • Salva Resources Pvt Ltd - India
  • Indika Energy - Indonesia
  • Freeport Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Moodys - Singapore
  • CIMB Investment Bank - Malaysia
  • Gujarat Sidhee Cement - India
  • Inspectorate - India
  • Argus Media - Singapore
  • Bhushan Steel Limited - India
  • ASAPP Information Group - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • bp singapore
  • TeaM Sual Corporation - Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • GNFC Limited - India
  • Carbofer General Trading SA - India
  • Aditya Birla Group - India
  • Sarangani Energy Corporation, Philippines
  • Russian Coal LLC
  • Riau Bara Harum - Indonesia
  • Sical Logistics Limited - India
  • Tata Chemicals Ltd - India
  • IBC Asia (S) Pte Ltd
  • GVK Power & Infra Limited - India
  • Ince & co LLP
  • Parliament of New Zealand
  • Ernst & Young Pvt. Ltd.
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Port Waratah Coal Services - Australia
  • Adani Power Ltd - India
  • Barclays Capital - USA
  • Edison Trading Spa - Italy
  • Videocon Industries ltd - India
  • Singapore Mercantile Exchange
  • ICICI Bank Limited - India
  • KPMG - USA
  • Japan Coal Energy Center
  • Bharathi Cement Corporation - India
  • Larsen & Toubro Limited - India
  • Posco Energy - South Korea
  • CoalTek, United States
  • Semirara Mining and Power Corporation, Philippines
  • Shree Cement - India
  • Ministry of Mines - Canada
  • Fearnleys - India
  • Sindya Power Generating Company Private Ltd
  • ACC Limited - India
  • Global Business Power Corporation, Philippines
  • Attock Cement Pakistan Limited
  • Meralco Power Generation, Philippines
  • Maheswari Brothers Coal Limited - India
  • Manunggal Multi Energi - Indonesia
  • Ambuja Cements Ltd - India
  • Britmindo - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Ministry of Transport, Egypt
  • White Energy Company Limited
  • Deloitte Consulting - India
  • Semirara Mining Corp, Philippines
  • Indogreen Group - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Price Waterhouse Coopers - Russia
  • Barasentosa Lestari - Indonesia
  • Eastern Coal Council - USA
  • PTC India Limited - India
  • ANZ Bank - Australia
  • Tamil Nadu electricity Board
  • SMG Consultants - Indonesia
  • Bangladesh Power Developement Board
  • Clarksons - UK
  • Wilmar Investment Holdings
  • Credit Suisse - India
  • Enel Italy
  • Holcim Trading Pte Ltd - Singapore
  • Coeclerici Indonesia
  • Central Electricity Authority - India
  • Goldman Sachs - Singapore
  • Latin American Coal - Colombia
  • Central Java Power - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Arutmin Indonesia
  • Kumho Petrochemical, South Korea
  • Kobexindo Tractors - Indoneisa
  • SUEK AG - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Xstrata Coal
  • Maharashtra Electricity Regulatory Commission - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Rio Tinto Coal - Australia
  • Planning Commission, India
  • TANGEDCO India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Surastha Cement
  • Merrill Lynch Commodities Europe
  • JPower - Japan
  • KEPCO - South Korea
  • Geoservices-GeoAssay Lab
  • Directorate General of MIneral and Coal - Indonesia
  • Cement Manufacturers Association - India
  • JPMorgan - India
  • VISA Power Limited - India
  • Runge Indonesia
  • UOB Asia (HK) Ltd
  • Lafarge - France
  • Coal India Limited
  • Vijayanagar Sugar Pvt Ltd - India
  • Electricity Generating Authority of Thailand
  • Thermax Limited - India
  • Mitra SK Pvt Ltd - India
  • Panama Canal Authority
  • Kepco SPC Power Corporation, Philippines
  • Baramulti Group, Indonesia
  • Star Paper Mills Limited - India
  • Australian Commodity Traders Exchange
  • Altura Mining Limited, Indonesia
  • Peabody Energy - USA
  • Asian Development Bank
  • Adaro Indonesia
  • ETA - Dubai
  • EIA - United States
  • Aboitiz Power Corporation - Philippines
  • BRS Brokers - Singapore
  • Indian Energy Exchange, India
  • Indonesian Coal Mining Association
  • Commonwealth Bank - Australia
  • BNP Paribas - Singapore
  • Borneo Indobara - Indonesia
  • Agrawal Coal Company - India
  • Petron Corporation, Philippines
  • HSBC - Hong Kong
  • McConnell Dowell - Australia
  • Binh Thuan Hamico - Vietnam
  • Kobe Steel Ltd - Japan
  • SN Aboitiz Power Inc, Philippines
  • Xindia Steels Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Asia Cement - Taiwan