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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, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
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- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Australian Coal Association
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Planning Commission, India
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- The University of Queensland
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
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