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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, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
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- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- MS Steel International - UAE
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
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