COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

"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”

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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...


Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...


Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...


Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract Mining and metals conglomerate Vedant ...


Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground. The BDI fell 5%, a ...


   1196 1197 1198 1199 1200   
Showing 5986 to 5990 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Inspectorate - India
  • Infraline Energy - India
  • Pinang Coal Indonesia
  • Ministry of Mines - Canada
  • Clarksons - UK
  • Maruti Cements - India
  • SRK Consulting
  • Coal and Oil Company - UAE
  • Sakthi Sugars Limited - India
  • Orica Mining Services - Indonesia
  • Central Java Power - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Gujarat Sidhee Cement - India
  • Permata Bank - Indonesia
  • Central Electricity Authority - India
  • Shree Cement - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • CCIC - Indonesia
  • Uttam Galva Steels Limited - India
  • Indian School of Mines
  • PLN Batubara - Indonesia
  • Mintek Dendrill Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Jindal Steel & Power Ltd - India
  • EMO - The Netherlands
  • Peabody Energy - USA
  • Mitra SK Pvt Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Savvy Resources Ltd - HongKong
  • KPCL - India
  • TeaM Sual Corporation - Philippines
  • TRAFIGURA, South Korea
  • SGS (Thailand) Limited
  • Bharathi Cement Corporation - India
  • Ministry of Transport, Egypt
  • ICICI Bank Limited - India
  • Bank of America
  • Price Waterhouse Coopers - Russia
  • Posco Energy - South Korea
  • Eastern Energy - Thailand
  • Australian Coal Association
  • Latin American Coal - Colombia
  • Bukit Baiduri Energy - Indonesia
  • Indonesia Power. PT
  • McKinsey & Co - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Orica Australia Pty. Ltd.
  • Cebu Energy, Philippines
  • Humpuss - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Indika Energy - Indonesia
  • Vedanta Resources Plc - India
  • New Zealand Coal & Carbon
  • bp singapore
  • Core Mineral Indonesia
  • Kobe Steel Ltd - Japan
  • Economic Council, Georgia
  • Trasteel International SA, Italy
  • Lafarge - France
  • Interocean Group of Companies - India
  • APGENCO India
  • Wood Mackenzie - Singapore
  • Parry Sugars Refinery, India
  • Global Business Power Corporation, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Thermax Limited - India
  • Reliance Power - India
  • Ind-Barath Power Infra Limited - India
  • Baramulti Group, Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Merrill Lynch Bank
  • Minerals Council of Australia
  • Gujarat Electricity Regulatory Commission - India
  • Port Waratah Coal Services - Australia
  • Meralco Power Generation, Philippines
  • Fearnleys - India
  • Madhucon Powers Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Mitsubishi Corporation
  • Larsen & Toubro Limited - India
  • Bayan Resources Tbk. - Indonesia
  • Bangladesh Power Developement Board
  • Banpu Public Company Limited - Thailand
  • Vijayanagar Sugar Pvt Ltd - India
  • Thai Mozambique Logistica
  • The India Cements Ltd
  • Karaikal Port Pvt Ltd - India
  • Sojitz Corporation - Japan
  • Bhatia International Limited - India
  • Cardiff University - UK
  • Renaissance Capital - South Africa
  • VISA Power Limited - India
  • MEC Coal - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • European Bulk Services B.V. - Netherlands
  • McConnell Dowell - Australia
  • SUEK AG - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Coaltrans Conferences
  • LBH Netherlands Bv - Netherlands
  • Xindia Steels Limited - India
  • ASAPP Information Group - India
  • Platou - Singapore
  • Tanito Harum - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Coal Orbis AG
  • Thiess Contractors Indonesia
  • Attock Cement Pakistan Limited
  • GHCL Limited - India
  • JPMorgan - India
  • Russian Coal LLC
  • Siam City Cement PLC, Thailand
  • Thailand Anthracite
  • Kartika Selabumi Mining - Indonesia
  • Ambuja Cements Ltd - India
  • Star Paper Mills Limited - India
  • Tamil Nadu electricity Board
  • PetroVietnam Power Coal Import and Supply Company
  • Carbofer General Trading SA - India
  • Coalindo Energy - Indonesia
  • Electricity Generating Authority of Thailand
  • GB Group - China
  • World Bank
  • HSBC - Hong Kong
  • PLN - Indonesia
  • J M Baxi & Co - India
  • OCBC - Singapore
  • Semirara Mining Corp, Philippines
  • Jaiprakash Power Ventures ltd
  • Borneo Indobara - Indonesia
  • Argus Media - Singapore
  • Glencore India Pvt. Ltd
  • Rashtriya Ispat Nigam Limited - India
  • Indian Oil Corporation Limited
  • Iligan Light & Power Inc, Philippines
  • BNP Paribas - Singapore
  • Kumho Petrochemical, South Korea
  • Shenhua Group - China
  • Simpson Spence & Young - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Asian Development Bank
  • Cement Manufacturers Association - India
  • Maybank - Singapore
  • Oldendorff Carriers - Singapore
  • Rudhra Energy - India
  • Toyota Tsusho Corporation, Japan
  • Samsung - South Korea
  • Commonwealth Bank - Australia
  • Geoservices-GeoAssay Lab
  • Edison Trading Spa - Italy
  • Wilmar Investment Holdings
  • Eastern Coal Council - USA
  • Aditya Birla Group - India
  • Idemitsu - Japan
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Karbindo Abesyapradhi - Indoneisa
  • Bangkok Bank PCL
  • Aboitiz Power Corporation - Philippines
  • GAC Shipping (India) Pvt Ltd
  • Japan Coal Energy Center
  • IOL Indonesia
  • CNBM International Corporation - China
  • Antam Resourcindo - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Altura Mining Limited, Indonesia
  • DBS Bank - Singapore
  • San Jose City I Power Corp, Philippines
  • EIA - United States
  • Xstrata Coal
  • CoalTek, United States
  • Deloitte Consulting - India
  • Independent Power Producers Association of India
  • Power Finance Corporation Ltd., India
  • Kohat Cement Company Ltd. - Pakistan
  • Vitol - Bahrain
  • NALCO India
  • Kaltim Prima Coal - Indonesia
  • PetroVietnam
  • Arutmin Indonesia
  • Barclays Capital - USA
  • Gresik Semen - Indonesia
  • Ince & co LLP
  • Medco Energi Mining Internasional
  • Cigading International Bulk Terminal - Indonesia
  • KOWEPO - South Korea
  • Gujarat Mineral Development Corp Ltd - India
  • International Coal Ventures Pvt Ltd - India
  • Miang Besar Coal Terminal - Indonesia
  • SMC Global Power, Philippines
  • Chamber of Mines of South Africa
  • Romanian Commodities Exchange
  • Goldman Sachs - Singapore
  • Indogreen Group - Indonesia
  • Videocon Industries ltd - India
  • Globalindo Alam Lestari - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Asmin Koalindo Tuhup - Indonesia
  • U S Energy Resources
  • Surastha Cement
  • Heidelberg Cement - Germany
  • Thomson Reuters GRC
  • South Luzon Thermal Energy Corporation
  • Indo Tambangraya Megah - Indonesia
  • Dalmia Cement Bharat India
  • Malco - India
  • Tata Power - India
  • Intertek Mineral Services - Indonesia
  • CESC Limited - India
  • Ernst & Young Pvt. Ltd.
  • The Treasury - Australian Government
  • World Coal - UK
  • Electricity Authority, New Zealand
  • Binh Thuan Hamico - Vietnam
  • Standard Chartered Bank - UAE
  • Global Green Power PLC Corporation, Philippines
  • IMC Shipping - Singapore
  • WorleyParsons
  • GVK Power & Infra Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Arch Coal - USA
  • TGV SRAAC LIMITED, India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • ANZ Bank - Australia
  • Maheswari Brothers Coal Limited - India
  • PowerSource Philippines DevCo
  • PNOC Exploration Corporation - Philippines
  • ING Bank NV - Singapore
  • Indorama - Singapore
  • RBS Sempra - UK
  • Sical Logistics Limited - India
  • BRS Brokers - Singapore
  • Merrill Lynch Commodities Europe
  • Britmindo - Indonesia
  • Vizag Seaport Private Limited - India
  • Platts
  • Sindya Power Generating Company Private Ltd
  • IHS Mccloskey Coal Group - USA
  • Cosco
  • ACC Limited - India
  • Mercator Lines Limited - India
  • Sucofindo - Indonesia
  • Rio Tinto Coal - Australia
  • Riau Bara Harum - Indonesia
  • Georgia Ports Authority, United States
  • Energy Development Corp, Philippines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • The University of Queensland
  • Kepco SPC Power Corporation, Philippines
  • IBC Asia (S) Pte Ltd
  • Directorate Of Revenue Intelligence - India
  • GMR Energy Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • The State Trading Corporation of India Ltd
  • Adaro Indonesia
  • Straits Asia Resources Limited - Singapore
  • Bank of China, Malaysia
  • Leighton Contractors Pty Ltd - Australia
  • Formosa Plastics Group - Taiwan
  • Adani Power Ltd - India
  • Total Coal South Africa
  • Pendopo Energi Batubara - Indonesia
  • ETA - Dubai
  • Coastal Gujarat Power Limited - India
  • Berau Coal - Indonesia
  • Gupta Coal India Ltd
  • Alfred C Toepfer International GmbH - Germany
  • Cargill India Pvt Ltd
  • Planning Commission, India
  • Ceylon Electricity Board - Sri Lanka
  • NTPC Limited - India
  • Makarim & Taira - Indonesia
  • Barasentosa Lestari - Indonesia
  • Marubeni Corporation - India
  • Indian Energy Exchange, India
  • Australian Commodity Traders Exchange
  • Petrosea - Indonesia
  • London Commodity Brokers - England
  • JPower - Japan
  • White Energy Company Limited
  • UBS Singapore
  • Tata Chemicals Ltd - India
  • Maersk Broker
  • Credit Suisse - India
  • Essar Steel Hazira Ltd - India
  • Grasim Industreis Ltd - India
  • Global Coal Blending Company Limited - Australia
  • SASOL - South Africa
  • Bhushan Steel Limited - India
  • Thriveni
  • Runge Indonesia
  • Mitsui
  • Metalloyd Limited - United Kingdom
  • Africa Commodities Group - South Africa
  • Holcim Trading Pte Ltd - Singapore
  • Noble Europe Ltd - UK
  • UOB Asia (HK) Ltd
  • OPG Power Generation Pvt Ltd - India
  • Chettinad Cement Corporation Ltd - India
  • KEPCO - South Korea
  • Cemex - Philippines
  • AsiaOL BioFuels Corp., Philippines
  • SMG Consultants - Indonesia
  • Panama Canal Authority
  • TNPL - India
  • Coal India Limited
  • Indonesian Coal Mining Association
  • Vale Mozambique
  • Mjunction Services Limited - India
  • TANGEDCO India
  • IEA Clean Coal Centre - UK
  • Parliament of New Zealand
  • Energy Link Ltd, New Zealand
  • Moodys - Singapore
  • Pipit Mutiara Jaya. PT, Indonesia
  • PTC India Limited - India
  • CIMB Investment Bank - Malaysia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Sree Jayajothi Cements Limited - India
  • Bhoruka Overseas - Indonesia
  • Freeport Indonesia
  • Coeclerici Indonesia
  • India Bulls Power Limited - India
  • GNFC Limited - India
  • Mechel - Russia
  • Kapuas Tunggal Persada - Indonesia
  • Bulk Trading Sa - Switzerland
  • Petron Corporation, Philippines
  • Therma Luzon, Inc, Philippines
  • Kideco Jaya Agung - Indonesia
  • Anglo American - United Kingdom
  • Lanco Infratech Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • Mercuria Energy - Indonesia
  • Deutsche Bank - India
  • Manunggal Multi Energi - Indonesia
  • Enel Italy
  • Qatrana Cement - Jordan
  • Agrawal Coal Company - India
  • MS Steel International - UAE
  • Siam City Cement - Thailand
  • Inco-Indonesia
  • Salva Resources Pvt Ltd - India
  • Maharashtra Electricity Regulatory Commission - India
  • Ministry of Finance - Indonesia
  • KPMG - USA
  • Malabar Cements Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Samtan Co., Ltd - South Korea
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Asia Cement - Taiwan
  • Singapore Mercantile Exchange
  • Jatenergy - Australia
  • globalCOAL - UK