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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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Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
...
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- PNOC Exploration Corporation - Philippines
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- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
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- The Treasury - Australian Government
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- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
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- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
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- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- CNBM International Corporation - China
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- Leighton Contractors Pty Ltd - Australia
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- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Marubeni Corporation - India
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- Kartika Selabumi Mining - Indonesia
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- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Australian Coal Association
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
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- Indika Energy - Indonesia
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- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
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- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
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- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
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- Sree Jayajothi Cements Limited - India
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- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
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- Sinarmas Energy and Mining - Indonesia
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