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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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Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
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- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Planning Commission, India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- White Energy Company Limited
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
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