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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 $2 billion investment will build a 1,250 mega watt captive power plant and other auxiliary facilities for the smelter, it said.
On the railway project MEC had partnered with CANAC, a Canadian railway and transportation services firm for railway and port operations and maintenance.
IL&FS Transportation Networks Limited, (ITNL) a subsidiary of India's Infrastructure Leasing & Financial Services (IL&FS) Group would provide MEC with financing to build the transportation infrastructure, railway network and deep sea port.
"The agreement is on a build, finance and transfer basis and MEC and IL&FS Group hold a shared vision of bringing coal to India," said MEC's Koneru.
Coal production in East Kalimantan accounts for over half of Indonesia's total coal output, forecast to reach around 230 million tonnes this year. Indonesia is the world's top exporter of thermal coal.
Source: Reuters / Yahoo
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Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
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- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Planning Commission, India
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
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