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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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Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...
Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
COALspot.com: Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purc ...
Wednesday, 27 October 10
CHINA AIDS RUSSIA IN DEVELOPING COAL RESOURCES - PEOPLE'S DAILY
People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...
Wednesday, 27 October 10
MAIDEN COAL SHIPMENTS TO NOBLE RESOURCES - PAN ASIA AUSTRALIA
Press Release :
First Coal Shipments made from Nadvara Coal Project, East Kalimantan
51,616 tonnes delivered from October production &ndas ...
Tuesday, 26 October 10
INDONESIA SHIPPED 5.32 PERCENT LESS COAL IN SEPTEMBER 10
COALspot.com: Indonesia, the world largest coal exporter, shipped 21,661,817 MT of coal in September 2010, which is 5.32 percent lesser than Au ...
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- VISA Power Limited - India
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- White Energy Company Limited
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
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