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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, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
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- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Economic Council, Georgia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Planning Commission, India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
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