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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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Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
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- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Australian Coal Association
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- The University of Queensland
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Economic Council, Georgia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
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