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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, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...
Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...
Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...
Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...
Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
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- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- The University of Queensland
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
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