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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, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
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- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Economic Council, Georgia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
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