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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
 A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a fully owned subsidiary of Trimex — will commission Indonesia's first private rail project in early 2011, an MEC official told reporters yesterday.
"MEC Infra expects to commission the first cargo train in 2011 with the first phase of development expected to handle 32 million tonnes per annum capacity of coal.
"We have completed the land acquisition for the project and expect to sign the engineering procurement and commissioning (EPC) contract for the rail corridor by May this year," Madhu Koneru, executive vice-chairman of MEC Holdings told reporters.
MEC Infra obtained Indonesia's first private railway licence to develop a 130km integrated freight corridor between Muaran Wahau to the port Bengalon in Kalimantan province.
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"MEC Infra expects to commission the first cargo train in 2011 with the first phase of development expected to handle 32 million tons per annum capacity of coal”
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The rail project is developed as part of infrastructure development for a coal mining project undertaken by MEC Coal, a mining company jointly owned by RakiaRakia and MEC holdings.
MEC Coal is developing one of the largest green field coal mines in Asia, located in the East Kalimantan province of Indonesia.
In addition to exporting coal to India, China and the Middle East, the company is targeting to develop a domestic market for its coal output.
"We do not want to [be] purely dependent on exports. As part of our efforts to develop a captive market for our coal output we have tied up with National Aluminium Company of India to develop a 500,000 tonnes per annum capacity aluminium smelter near our mine," said Koneru.
MEC Coal will take 26 per cent equity stake in the $2 billion (Dh7.3 billion) smelter complex that will also include a 1,250 megawatt captive power plant.
As part of marketing the coal to its end users in India, MEC Coal is planning to enter equity swap deals with coal importers. Through these deals, MEC Coal proposed to take minority stakes in private sector coal based power producers in India while offering them minority stakes in MEC Coal.
Price stability
"This is an innovative structure we are introducing to bring price stability for coal over a long term. As stakeholders in both supply and demand side of coal business it should work to smoothen the impact of price fluctuations," he said.
MEC is negotiating a $1 billion financing of the infrastructure projects around the coal mine including the rail project with Infrastructure Leasing and Financial Services, an India-based infrastructure financing company.
In addition to coal mining and infrastructure development, MEC Holdings is exploring investments in the agriculture sector.
Source: Zawya
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Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
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Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
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- Cigading International Bulk Terminal - Indonesia
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- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
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- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
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- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
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- Interocean Group of Companies - India
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- London Commodity Brokers - England
- Baramulti Group, Indonesia
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- Standard Chartered Bank - UAE
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- Metalloyd Limited - United Kingdom
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- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Ministry of Mines - Canada
- Parliament of New Zealand
- Indian Oil Corporation Limited
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- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
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- SMC Global Power, Philippines
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- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Malabar Cements Ltd - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
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