We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
|
|
|
Showing 6046 to 6050 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Planning Commission, India
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
|
| |
| |
|
