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Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
 Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed to have approached Essar Power, Reliance Power, Lanco Infratech, Navabharat Power and GVK Power for a possible alliance.
Sources said MEC needed investments to set up infrastructure and give logistical support to its mines. It also requires a 130-kilometre rail line and a jetty to evacuate coal.
"We don't comment on market speculation. MEC is already backed by committed investors and since beginning we have been exploring a number of different financing options for our coal mine, railway, port, power plant and aluminum smelter projects in Indonesia. These include swap deals with power companies and long-term off-take agreements," the company said in an e-mailed statement.
MEC Coal is a joint venture between the Trimex Group and the government of Ras Al Khaimah. It is developing one of the largest greenfield mines in Asia, located in the East Kalimantan province of Indonesia. Its Indonesian subsidiary, PT Tekno Orbit Persada, is developing the mine, which has estimated coal resources of two billion tonnes and measured reserves of 800 million tonnes.
It has two adjoining coal blocks. Each block can produce 17 million tonnes per annum (mtpa) during the first phase of the production plan. Production from these mines would begin with two million tonnes in 2010, which would increase to seven million in 2011 and nine million in 2012, the company had said. The company has already acquired 5,000 hectares for the mines and completed feasibility and environmental studies.
"The mines produce thermal coal, which is more suited to fire coal-based power plants, and hence, it is in talks with power companies which are looking at coal assets in Indonesia," said a source close to the development.
MEC's Executive Vice-Chairman, Madhu Koneru, had earlier talked about adopting a partnership strategy for India, where they would like to work with independent power producers (IPPs) by providing long-term assurance of supplying coal from its mines in Indonesia.
A report by Fitch Ratings predicts that coal imports by Indian power companies will increase significantly. "During 2009-10, India imported 70 million tonnes, and we expect it to rise to 85 million tonnes by the end of 2010-11. The power ministry has forecast that coal imports will increase to at least 100 million tonnes by 2011-12," said the report on coal-fired power.
Source: Business-Standard (by Katya B Naidu)
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Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
Thursday, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
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- OPG Power Generation Pvt Ltd - India
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- Electricity Authority, New Zealand
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- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
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- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
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- Star Paper Mills Limited - India
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- Heidelberg Cement - Germany
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- Mjunction Services Limited - India
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- Sinarmas Energy and Mining - Indonesia
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- Global Business Power Corporation, Philippines
- The University of Queensland
- Planning Commission, India
- Minerals Council of Australia
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- European Bulk Services B.V. - Netherlands
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- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
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- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
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- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- PTC India Limited - India
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- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
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- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
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- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
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- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
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- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- CNBM International Corporation - China
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
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