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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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Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
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- Eastern Energy - Thailand
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- The University of Queensland
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
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