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

Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...


Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...


Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading. European ...


Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...


Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...


   1198 1199 1200 1201 1202   
Showing 5996 to 6000 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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