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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, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
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- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
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