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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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Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the hom ...
Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...
Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...
Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...
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- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Posco Energy - South Korea
- Economic Council, Georgia
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- VISA Power Limited - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
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