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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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Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...
Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
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- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- The University of Queensland
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
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