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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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Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
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- IHS Mccloskey Coal Group - USA
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- Intertek Mineral Services - Indonesia
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- GMR Energy Limited - India
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- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
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- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
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- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- MS Steel International - UAE
- Meralco Power Generation, Philippines
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- Ministry of Transport, Egypt
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- Semirara Mining and Power Corporation, Philippines
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- Economic Council, Georgia
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- Wilmar Investment Holdings
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- Grasim Industreis Ltd - India
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- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
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- Singapore Mercantile Exchange
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- Global Coal Blending Company Limited - Australia
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- Baramulti Group, Indonesia
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- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
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- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
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- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
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- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
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- Gujarat Sidhee Cement - India
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- LBH Netherlands Bv - Netherlands
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- Bulk Trading Sa - Switzerland
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- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
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- Larsen & Toubro Limited - India
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- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Australian Coal Association
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- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Planning Commission, India
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- White Energy Company Limited
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
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- GVK Power & Infra Limited - India
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- Kideco Jaya Agung - Indonesia
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