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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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Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
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- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- The University of Queensland
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Australian Coal Association
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
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