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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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Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
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- Leighton Contractors Pty Ltd - Australia
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- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
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- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
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- Ministry of Finance - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
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- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Directorate General of MIneral and Coal - Indonesia
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- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
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- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
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- PNOC Exploration Corporation - Philippines
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- Georgia Ports Authority, United States
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- Independent Power Producers Association of India
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- Therma Luzon, Inc, Philippines
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- Baramulti Group, Indonesia
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- Meralco Power Generation, Philippines
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- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
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- Attock Cement Pakistan Limited
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- Thiess Contractors Indonesia
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- Anglo American - United Kingdom
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- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
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- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Marubeni Corporation - India
- Renaissance Capital - South Africa
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- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Minerals Council of Australia
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- Global Coal Blending Company Limited - Australia
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- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
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- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
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- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
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- SMC Global Power, Philippines
- Interocean Group of Companies - India
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- Bulk Trading Sa - Switzerland
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- Trasteel International SA, Italy
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- London Commodity Brokers - England
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- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
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- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
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- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Cement Manufacturers Association - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
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- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
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