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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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Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
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- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
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