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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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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Planning Commission, India
- The Treasury - Australian Government
- Minerals Council of Australia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Australian Coal Association
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
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