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

Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...


Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...


Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...


Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...


Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...


   1199 1200 1201 1202 1203   
Showing 6001 to 6005 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 ...

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