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Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
.jpg) The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations, an industry source said on Wednesday.
The long-term supply deal would be in exchange for an equity stake in Tata, the India-based source who is familiar with the talks, said.
Middle East Coal (MEC) is a joint venture between United Arab Emirates' investment fund RAK Minerals and Metals Investments (RMMI) and UAE-based mining company Trimex.
"There are talks going on between MEC and Tata Power for the shipping of coal from Indonesia to India from MEC's new project there," the industry source said, declining to be identified.
MEC plans to start operation of coal mines in Indonesia's coal-rich East Kalimantan province this year with initial production of 2 million tonnes destined for India. The supply deal would help MEC find the $500 million in financing it needs for the project which has an estimated cost of $1 billion.
A senior MEC official declined to comment on the Tata talks.
"We held talks with five of India's top energy companies about supplying them with coal," said Madu Koneru, vice chairman of Middle East Coal, declining to name the companies involved.
"The announcement of the company names will be sometime in March and we are also in talks with companies in China."
Tata Power also declined to comment on any talks with MEC.
"We are exploring different options for our coal requirements in Indonesia and elsewhere," a spokesman from Tata Power told Reuters in an email.
RMMI won a licence in March to build a 150 km (93 miles) rail link carrying coal from a mine in East Kalimantan to a coal terminal.
MEC plans to start shipments of 3 to 5 million tonnes of thermal coal via road. Once the rail project is complete, shipments would rise to 17 million tonnes.
Of the 17 million tonnes, 10 million would be shipped to India, 7 million to China and the remaining two million tonnes to the UAE's northern emirate of Ras al-Khaimah, home to RMMI.
PROJECT PARTNERS
MEC's mine and railway are central to the development of an industrial facilities complex that will include a power plant fuelled by coal, an aluminium smelter, a fertiliser plant and a high capacity port terminal with a total investment valued at $5billion, said an MEC company statement.
Together with equity partner NALCO, an Indian government entity and Asia's largest integrated aluminium complex, MEC plans to invest $2 billion in a greenfield aluminium smelter producing 500,000 tons of aluminium a year, the statement added.
A further $2 billion investment will build a 1,250 mega watt captive power plant and other auxiliary facilities for the smelter, it said.
On the railway project MEC had partnered with CANAC, a Canadian railway and transportation services firm for railway and port operations and maintenance.
IL&FS Transportation Networks Limited, (ITNL) a subsidiary of India's Infrastructure Leasing & Financial Services (IL&FS) Group would provide MEC with financing to build the transportation infrastructure, railway network and deep sea port.
"The agreement is on a build, finance and transfer basis and MEC and IL&FS Group hold a shared vision of bringing coal to India," said MEC's Koneru.
Coal production in East Kalimantan accounts for over half of Indonesia's total coal output, forecast to reach around 230 million tonnes this year. Indonesia is the world's top exporter of thermal coal.
Source: Reuters / Yahoo
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Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
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- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- PTC India Limited - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- White Energy Company Limited
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Australian Coal Association
- CNBM International Corporation - China
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
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