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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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Tuesday, 01 September 09
GLOBAL COAL PRICES UNDER PRESSURE AS CHINESE PROVINCE RETURNS TO THE PRODUCTION FRAY - REUTERS
China is set to return to role of coal exporter as the deadline for thousands of small coal mines in its Shanxi province to reopen after being shut ...
Tuesday, 01 September 09
INDONESIA PLN SECURES 1.9 MILLION TONNES COAL FOR NEW POWER PLANT
Reuters reported that Indonesia's state electricity firm PT Perusahaan Listrik Negara has secured 1.9 million tonnes of sub bituminous coal per yea ...
Tuesday, 01 September 09
EXPORT OF COAL RAW MATERIAL SHOULD BE REDUCED - INDONESIAN OFFICIAL
Antara reported that, Coal producing companies should reduce the volume of their export of coal raw material and increase the volume of their finish ...
Tuesday, 01 September 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 23%, SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 23 percent ...
Monday, 31 August 09
INDIA MMTC ISSUE TENDER TO IMPORT 12.5 MMT COAL TO BE SUPPLIED OVER A PERIOD OF 12 MONTHS
COALspot.com (India): MMTC has re-issued a tender to import 12.50 Million Metric Tonnes (12.50 MMT) (+/- 2%) of thermal coal to be supplied over a p ...
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- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Indika Energy - Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
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- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
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