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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, 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 ...
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- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- 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
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- 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
- 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
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- 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
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- 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
- 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
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
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