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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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Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
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- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
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- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- The University of Queensland
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
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- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
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- Jaiprakash Power Ventures ltd
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- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
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- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
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