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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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Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Australian Coal Association
- GMR Energy Limited - India
- The University of Queensland
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- PTC India Limited - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- MS Steel International - UAE
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
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