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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 $2 billion will be invested by MEC Coal to build a 1,250 megawatt power plant for the smelter.
Ras Al Khaimah produces less oil than Dubai and its oil-rich neighbor Abu Dhabi, and has instead focused on developing its industrial sector.
It opened its first cement company in 1970s and is now the UAE’s largest producer of cement. In the 1980s, the emirate established RAK Ceramics, now one of the world’s biggest ceramics producers.
Source: The Jakarta Globe
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Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
Monday, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
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- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Parliament of New Zealand
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Indian Energy Exchange, India
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