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Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billion (around Rs 22,000 crore) in two projects-one each in South Sumatra and Jambi provinces. The investment covers coal mining, setting up of railway lines, ports and power projects.
According to a senior company official, who did not wish to be identified, the project in South Sumatra involves development of a 2- billion MT coal mine, a 200-km railway line, a port and a 2,000-MW power project at a cost of $3.5 billion. The project in Jambi involves another coal mining unit, along with a port, railway line and a small power plant. It will cost $1.5 billion without the power project.
Reliance Coal Resources, a subsidiary of Reliance Power, will sign two MoUs with representatives of the governments of both the provinces in New Delhi on Tuesday. Reliance ADA Group chairman Anil Ambani and Indonesian President Susilo Bambang Yudhoyono are exected to be present during the occasion. Fiscal concessions, including land, are being offered to Reliance Power to make it attractive for them to invest in Indonesia, the official said. The investment for the development of the coal mine, rail & port infrastructure and the power project in Sumatra would be made in the next five years.
In 2010, Reliance Power's wholly owned subsidiary Reliance Coal Resources had acquired three coal mines owned by two companies PT Sriwijaya Bintang Tiga Energi and PT Brayan Bintang Tiga Energi in the South Sumatra province. The three mines are spread over 1,25,000 acres and have over 2 billion MT of coal. The Indonesian government is providing the other concessions as Reliance Power would develop the other projects associated with it which include the railway line, port and power.
Coal from these mines will be exported for Reliance Power's Krishnapatnam Ultra Mega Power Project in Andhra Pradesh. which is based on imported coal and also used for its 2000 mw project in Indonesia. These mines would ensure steady supply to the Krishnapatnam Project and also be more economical than other imported coal. Officials said talks are already on with banks to finance the first project in south Sumatra.
Source: The Times of India
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Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
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- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
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