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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 $2 billion will be invested by MEC Coal to build a 1,250 megawatt power plant for the smelter.
Ras Al Khaimah produces less oil than Dubai and its oil-rich neighbor Abu Dhabi, and has instead focused on developing its industrial sector.
It opened its first cement company in 1970s and is now the UAE’s largest producer of cement. In the 1980s, the emirate established RAK Ceramics, now one of the world’s biggest ceramics producers.
Source: The Jakarta Globe
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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
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- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Australian Coal Association
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
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