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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, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the hom ...
Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...
Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...
Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...
Friday, 04 December 09
KALIMANTAN GOLD AGREES TO SELL IBP COAL CONCESSION
COALspot.com ( Press Release): Kalimantan Gold Corporation Limited ("KLG" or the "Company"), which undertook drilling and had an ...
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- Attock Cement Pakistan Limited
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Minerals Council of Australia
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- Baramulti Group, Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Indonesian Coal Mining Association
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- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
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- Commonwealth Bank - Australia
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- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
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- Medco Energi Mining Internasional
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- PTC India Limited - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
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- Romanian Commodities Exchange
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- Siam City Cement - Thailand
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- VISA Power Limited - India
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- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
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- ASAPP Information Group - India
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- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
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- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
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- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
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- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
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- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
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- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
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- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
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- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
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- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
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- GAC Shipping (India) Pvt Ltd
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- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
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- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Xindia Steels Limited - India
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