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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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Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
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Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
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- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- SMC Global Power, Philippines
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
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