COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...


Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points. B ...


Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank. The effort was ...


Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...


Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...


   1252 1253 1254 1255 1256   
Showing 6266 to 6270 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Coastal Gujarat Power Limited - India
  • OCBC - Singapore
  • Mercuria Energy - Indonesia
  • Freeport Indonesia
  • JPMorgan - India
  • Jatenergy - Australia
  • Kobe Steel Ltd - Japan
  • Kideco Jaya Agung - Indonesia
  • Adani Power Ltd - India
  • GHCL Limited - India
  • IMC Shipping - Singapore
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Maruti Cements - India
  • Bangladesh Power Developement Board
  • Anglo American - United Kingdom
  • Asian Development Bank
  • Meralco Power Generation, Philippines
  • Romanian Commodities Exchange
  • Shree Cement - India
  • GN Power Mariveles Coal Plant, Philippines
  • Billiton Holdings Pty Ltd - Australia
  • Sojitz Corporation - Japan
  • Jindal Steel & Power Ltd - India
  • Kalimantan Lumbung Energi - Indonesia
  • Coalindo Energy - Indonesia
  • Xstrata Coal
  • Karaikal Port Pvt Ltd - India
  • Argus Media - Singapore
  • Antam Resourcindo - Indonesia
  • BRS Brokers - Singapore
  • Cement Manufacturers Association - India
  • Orica Australia Pty. Ltd.
  • Indonesia Power. PT
  • Clarksons - UK
  • ACC Limited - India
  • Thai Mozambique Logistica
  • Merrill Lynch Bank
  • Central Java Power - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • ING Bank NV - Singapore
  • London Commodity Brokers - England
  • HSBC - Hong Kong
  • Riau Bara Harum - Indonesia
  • Price Waterhouse Coopers - Russia
  • Indorama - Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Metalloyd Limited - United Kingdom
  • Baramulti Group, Indonesia
  • Indian Oil Corporation Limited
  • Attock Cement Pakistan Limited
  • JPower - Japan
  • Cigading International Bulk Terminal - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Petrosea - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Mitsubishi Corporation
  • Inco-Indonesia
  • Tamil Nadu electricity Board
  • Runge Indonesia
  • Makarim & Taira - Indonesia
  • Mjunction Services Limited - India
  • Credit Suisse - India
  • Trasteel International SA, Italy
  • OPG Power Generation Pvt Ltd - India
  • Independent Power Producers Association of India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Sinarmas Energy and Mining - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Binh Thuan Hamico - Vietnam
  • Samtan Co., Ltd - South Korea
  • Orica Mining Services - Indonesia
  • Vizag Seaport Private Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Wilmar Investment Holdings
  • Heidelberg Cement - Germany
  • DBS Bank - Singapore
  • Therma Luzon, Inc, Philippines
  • Arch Coal - USA
  • Infraline Energy - India
  • UBS Singapore
  • Alfred C Toepfer International GmbH - Germany
  • Medco Energi Mining Internasional
  • TANGEDCO India
  • Inspectorate - India
  • Jaiprakash Power Ventures ltd
  • Lanco Infratech Ltd - India
  • Vale Mozambique
  • Coal Orbis AG
  • Interocean Group of Companies - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Barasentosa Lestari - Indonesia
  • Oldendorff Carriers - Singapore
  • Thriveni
  • Bulk Trading Sa - Switzerland
  • TeaM Sual Corporation - Philippines
  • Port Waratah Coal Services - Australia
  • Pendopo Energi Batubara - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • CESC Limited - India
  • Simpson Spence & Young - Indonesia
  • Ministry of Transport, Egypt
  • LBH Netherlands Bv - Netherlands
  • Indonesian Coal Mining Association
  • The State Trading Corporation of India Ltd
  • KPMG - USA
  • Ince & co LLP
  • IHS Mccloskey Coal Group - USA
  • Global Business Power Corporation, Philippines
  • Miang Besar Coal Terminal - Indonesia
  • Posco Energy - South Korea
  • Arutmin Indonesia
  • Bhoruka Overseas - Indonesia
  • NALCO India
  • Jorong Barutama Greston.PT - Indonesia
  • Parry Sugars Refinery, India
  • Directorate General of MIneral and Coal - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Tata Power - India
  • Indian Energy Exchange, India
  • Timah Investasi Mineral - Indoneisa
  • Britmindo - Indonesia
  • Africa Commodities Group - South Africa
  • Singapore Mercantile Exchange
  • Cargill India Pvt Ltd
  • Indika Energy - Indonesia
  • EIA - United States
  • Energy Development Corp, Philippines
  • Mintek Dendrill Indonesia
  • Rio Tinto Coal - Australia
  • Kumho Petrochemical, South Korea
  • San Jose City I Power Corp, Philippines
  • Fearnleys - India
  • CNBM International Corporation - China
  • APGENCO India
  • KOWEPO - South Korea
  • ICICI Bank Limited - India
  • Planning Commission, India
  • European Bulk Services B.V. - Netherlands
  • Salva Resources Pvt Ltd - India
  • Gupta Coal India Ltd
  • Coaltrans Conferences
  • Larsen & Toubro Limited - India
  • Chamber of Mines of South Africa
  • Platts
  • Geoservices-GeoAssay Lab
  • Sindya Power Generating Company Private Ltd
  • SN Aboitiz Power Inc, Philippines
  • Maybank - Singapore
  • UOB Asia (HK) Ltd
  • Carbofer General Trading SA - India
  • Eastern Coal Council - USA
  • Latin American Coal - Colombia
  • Cemex - Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Energy Link Ltd, New Zealand
  • Semirara Mining Corp, Philippines
  • Tanito Harum - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Semirara Mining and Power Corporation, Philippines
  • Bharathi Cement Corporation - India
  • Rudhra Energy - India
  • Bangkok Bank PCL
  • Bayan Resources Tbk. - Indonesia
  • Bank of China, Malaysia
  • Samsung - South Korea
  • Merrill Lynch Commodities Europe
  • Deloitte Consulting - India
  • Commonwealth Bank - Australia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • U S Energy Resources
  • The India Cements Ltd
  • Ernst & Young Pvt. Ltd.
  • SASOL - South Africa
  • Barclays Capital - USA
  • Kapuas Tunggal Persada - Indonesia
  • ETA - Dubai
  • Siam City Cement PLC, Thailand
  • Moodys - Singapore
  • Goldman Sachs - Singapore
  • Videocon Industries ltd - India
  • Panama Canal Authority
  • Australian Coal Association
  • Maharashtra Electricity Regulatory Commission - India
  • Bhatia International Limited - India
  • Glencore India Pvt. Ltd
  • Mercator Lines Limited - India
  • Vitol - Bahrain
  • Central Electricity Authority - India
  • Directorate Of Revenue Intelligence - India
  • Noble Europe Ltd - UK
  • CCIC - Indonesia
  • Siam City Cement - Thailand
  • J M Baxi & Co - India
  • Edison Trading Spa - Italy
  • Berau Coal - Indonesia
  • Sucofindo - Indonesia
  • PetroVietnam
  • World Bank
  • Surastha Cement
  • SMG Consultants - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Standard Chartered Bank - UAE
  • Coal and Oil Company - UAE
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Permata Bank - Indonesia
  • Indian School of Mines
  • Sical Logistics Limited - India
  • TNPL - India
  • Rashtriya Ispat Nigam Limited - India
  • Bukit Baiduri Energy - Indonesia
  • New Zealand Coal & Carbon
  • WorleyParsons
  • Ministry of Finance - Indonesia
  • South Luzon Thermal Energy Corporation
  • Sakthi Sugars Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Ambuja Cements Ltd - India
  • Electricity Authority, New Zealand
  • Borneo Indobara - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Maheswari Brothers Coal Limited - India
  • SUEK AG - Indonesia
  • Thiess Contractors Indonesia
  • Aditya Birla Group - India
  • Australian Commodity Traders Exchange
  • Sree Jayajothi Cements Limited - India
  • White Energy Company Limited
  • Thermax Limited - India
  • Madhucon Powers Ltd - India
  • PLN - Indonesia
  • Altura Mining Limited, Indonesia
  • Platou - Singapore
  • Mitsui
  • Core Mineral Indonesia
  • Electricity Generating Authority of Thailand
  • Savvy Resources Ltd - HongKong
  • KEPCO - South Korea
  • International Coal Ventures Pvt Ltd - India
  • Petron Corporation, Philippines
  • Indogreen Group - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Kohat Cement Company Ltd. - Pakistan
  • IOL Indonesia
  • World Coal - UK
  • Wood Mackenzie - Singapore
  • GVK Power & Infra Limited - India
  • BNP Paribas - Singapore
  • Ministry of Mines - Canada
  • Meenaskhi Energy Private Limited - India
  • Star Paper Mills Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • CIMB Investment Bank - Malaysia
  • Power Finance Corporation Ltd., India
  • TNB Fuel Sdn Bhd - Malaysia
  • CoalTek, United States
  • Bukit Makmur.PT - Indonesia
  • Mitra SK Pvt Ltd - India
  • Agrawal Coal Company - India
  • Georgia Ports Authority, United States
  • Uttam Galva Steels Limited - India
  • globalCOAL - UK
  • Shenhua Group - China
  • Manunggal Multi Energi - Indonesia
  • Cardiff University - UK
  • Straits Asia Resources Limited - Singapore
  • Renaissance Capital - South Africa
  • Parliament of New Zealand
  • The University of Queensland
  • Gujarat Sidhee Cement - India
  • Japan Coal Energy Center
  • VISA Power Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Formosa Plastics Group - Taiwan
  • EMO - The Netherlands
  • Eastern Energy - Thailand
  • Bahari Cakrawala Sebuku - Indonesia
  • Coal India Limited
  • Pinang Coal Indonesia
  • Deutsche Bank - India
  • Ind-Barath Power Infra Limited - India
  • Essar Steel Hazira Ltd - India
  • Tata Chemicals Ltd - India
  • The Treasury - Australian Government
  • Total Coal South Africa
  • Xindia Steels Limited - India
  • Minerals Council of Australia
  • GAC Shipping (India) Pvt Ltd
  • MS Steel International - UAE
  • Qatrana Cement - Jordan
  • RBS Sempra - UK
  • ASAPP Information Group - India
  • Cosco
  • Dalmia Cement Bharat India
  • Karbindo Abesyapradhi - Indoneisa
  • MEC Coal - Indonesia
  • PTC India Limited - India
  • Reliance Power - India
  • TRAFIGURA, South Korea
  • bp singapore
  • Malabar Cements Ltd - India
  • Malco - India
  • Humpuss - Indonesia
  • Enel Italy
  • GNFC Limited - India
  • KPCL - India
  • Idemitsu - Japan
  • Cebu Energy, Philippines
  • Lafarge - France
  • PetroVietnam Power Coal Import and Supply Company
  • SRK Consulting
  • Economic Council, Georgia
  • Coeclerici Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Banpu Public Company Limited - Thailand
  • SGS (Thailand) Limited
  • PLN Batubara - Indonesia
  • TGV SRAAC LIMITED, India
  • Bhushan Steel Limited - India
  • Thomson Reuters GRC
  • Pipit Mutiara Jaya. PT, Indonesia
  • Marubeni Corporation - India
  • Intertek Mineral Services - Indonesia
  • NTPC Limited - India
  • Grasim Industreis Ltd - India
  • PowerSource Philippines DevCo
  • Gresik Semen - Indonesia
  • Asia Cement - Taiwan
  • ANZ Bank - Australia
  • Vedanta Resources Plc - India
  • Neyveli Lignite Corporation Ltd, - India
  • McKinsey & Co - India
  • Adaro Indonesia
  • Toyota Tsusho Corporation, Japan
  • GMR Energy Limited - India
  • Sarangani Energy Corporation, Philippines
  • Kartika Selabumi Mining - Indonesia
  • Peabody Energy - USA
  • Indo Tambangraya Megah - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • India Bulls Power Limited - India
  • Aboitiz Power Corporation - Philippines
  • IEA Clean Coal Centre - UK
  • Chettinad Cement Corporation Ltd - India
  • Thailand Anthracite
  • Bank of America
  • McConnell Dowell - Australia
  • GB Group - China
  • Mechel - Russia
  • Maersk Broker
  • IBC Asia (S) Pte Ltd
  • Russian Coal LLC
  • SMC Global Power, Philippines
  • Asmin Koalindo Tuhup - Indonesia