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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, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
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- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Central Java Power - Indonesia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- The University of Queensland
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
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