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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, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
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