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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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Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
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- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
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