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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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Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
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- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Minerals Council of Australia
- PowerSource Philippines DevCo
- The University of Queensland
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
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