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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, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
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- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Australian Coal Association
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
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