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Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
 Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced the signing of an agreement for a setting up of a 'Rail and Port project' with the Regional Government of Sumatra Selatan, Indonesia and PT Bukit Asam Tbk, a Government of Indonesia coal mining company.
Estimated to cost USD 1.65 billion, the Rail and Port project will be executed by PT Adani Global, a step-down subsidiary of Adani Enterprises, over a period of 48 months. It will involve the construction of a 250 km railway line and port infrastructure by Adani needed for the transportation and ship loading of upto 60 mmtpa of coal.
The Adani Group chairman Gautam Adani today signed this landmark pact with H E Alex Noerdin, the Governor of the South Sumatera province of Indonesia and Mr Sukrisno, President Director, PT Bukit Asam Tbk in the august presence of the Indonesian President – HE Susilo Bambang Yudhoyno. This agreement is pursuant to a tripartite memorandum of understanding signed in August 2010. It reaffirms key milestones and principles of this major infrastructure project.
Commenting on the historic development, Mr. Gautam Adani, Chairman – Adani Group said, “India and Indonesia jointly can be shining examples of nation building through co-operation. The Adani Group is committed to creating win-win situations through private-public partnerships for mutual benefit and this is a huge step in that direction. Driven by our philosophy of innovation, courage and trust; we at Adani are committed towards coal mining and development of a world class port, rail and power infrastructure in Indonesia. Today, we re-affirm our pledge to continue this partnership for creating a robust infrastructure in South East Asia”.
Adani further added, “We at Adani Group are clearly focused on the energy sector and constantly strive to enhance our coal value chain. These initiatives in Indonesia, Australia and even in India will bring us closer to achieve our stated goal of 20,000 MW of power generation, 200 MMTPA of coal mining, 200 MMTPA of cargo handling and owning 20 capesize ship by 2020.”
The 250 km railway line will help connect Tanjung Enim, the coal mining area to Tanjung Carat, where the Adani Group will set up a world class port for evacuating the coal.
PT Bukit Asam Tbk, one of Indonesia’s leading coal producers with the largest coal reserve in the country, has conferred “coal purchase rights” to PT Adani Global on take or pay basis with minimum volume of 35 million metric tonnes per annum. This concession has an initial validity of 30 years from signing of the agreement and can be extended mutually.
As per the agreement, PT Bukit Asam Tbk will sell 60 percent of its coal from the Tanjung Enim area to Adani at a government notified price and balance coal will be used as contract carriage for Bukit Asam.
This landmark deal will further consolidate Adani’s coal sourcing from Indonesia, with the company already operating a coal mine in East Kalimanthan. The coal from its Indonesian and Australian assets in Queensland will not only further enhance the Adani Group’s position as India’s largest thermal coal importer but also give it the required fillip for a rapid expansion of its power and coal businesses, transforming it into the largest private sector mining company in India.
Separately, under the bilateral India-Indonesia economic framework, the Adani Group has also signed a memorandum of understanding for exploring the possibility of setting up a 2 x1100 or 3X660 MW lignite based power plant in Indonesia.
The Adani Group will use pioneering modern technologies to consume Indonesia’s lignite resources which are available in abundance thus making Indonesia self-reliant leading to energy-security.
These initiatives are part of the Adani Group’s strategy to emerge as a global player in development and operator of mines and supply coal to support affordable power generation in India. It has already has signed contracts to mine, move and supply 110 million tonnes of coal per year for use by state owned power utilities in India.
Source: Money Control
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Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
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- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
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