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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 $2 billion will be invested by MEC Coal to build a 1,250 megawatt power plant for the smelter.
Ras Al Khaimah produces less oil than Dubai and its oil-rich neighbor Abu Dhabi, and has instead focused on developing its industrial sector.
It opened its first cement company in 1970s and is now the UAE’s largest producer of cement. In the 1980s, the emirate established RAK Ceramics, now one of the world’s biggest ceramics producers.
Source: The Jakarta Globe
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Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
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- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Planning Commission, India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
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