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Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
 Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase its planned in Indonesia from $1 billion to $5.2 billion to develop an integrated energy project in Kalimantan.
“This type of public-private, Middle Eastern-Indonesian initiative is a fantastic example of what can be accomplished when the fundamentals make sense for all parties involved,” said Sheikh Saud Bin Saqr Al Qasimi, the crown prince of Ras Al Khaimah, after a meeting with President Susilo Bambang Yudhoyono in Dubai on Sunday.
The project would help meet the development needs of East Kalimantan communities, while serving to meet the energy challenges in Asia, particularly India and China, Al Qasimi said.
The latest agreement is an expansion of a deal signed in February. At that time, representatives of East Kalimantan province and its East Kutai district met with the Ras Al Khaimah Investment Authority and its subsidiary, RAK Minerals and Metals Investments. The two companies agreed to invest in a 139-kilometer coal railway project in the province worth $1 billion.
However, now the emirate will also commit to building a coal terminal, aluminium smelter and a power plant, worth a total of $4.2 billion.
Madhu Koneru, the chief executive of MEC Holdings, the company which will oversee development of the East Kalimantan project, said the total investment could create as many as 5,000 new jobs in the area within five years.
Gita Wirjawan, the chairman of Indonesia’s Investment Coordinating Board (BKPM), said MEC Infra, a subsidiary of MEC Holdings, will invest $1 billion in the railway project.
“Despite certain perceptions about Indonesia, MEC Infra was able to purchase and clear the land for the entire corridor within a few months,” Gita said.
According to a written statement from MEC, the company will also invest $250 million to build the coal terminal.
It will also invest $2 billion in cooperation with NALCO, Asia’s largest integrated aluminum producer, to build a smelter with an estimated production capacity of 500,000 tons annually. An additional $2 billion will be invested by MEC Coal to build a 1,250 megawatt power plant for the smelter.
Ras Al Khaimah produces less oil than Dubai and its oil-rich neighbor Abu Dhabi, and has instead focused on developing its industrial sector.
It opened its first cement company in 1970s and is now the UAE’s largest producer of cement. In the 1980s, the emirate established RAK Ceramics, now one of the world’s biggest ceramics producers.
Source: The Jakarta Globe
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Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
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- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Australian Coal Association
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
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