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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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Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
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- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
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