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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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Tuesday, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
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