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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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Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
Thursday, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
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- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- The University of Queensland
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
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