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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 $2 billion will be invested by MEC Coal to build a 1,250 megawatt power plant for the smelter.
Ras Al Khaimah produces less oil than Dubai and its oil-rich neighbor Abu Dhabi, and has instead focused on developing its industrial sector.
It opened its first cement company in 1970s and is now the UAE’s largest producer of cement. In the 1980s, the emirate established RAK Ceramics, now one of the world’s biggest ceramics producers.
Source: The Jakarta Globe
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- PTC India Limited - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
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