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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, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
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- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Marubeni Corporation - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Australian Coal Association
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
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