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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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Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
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Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
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- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
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- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
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- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
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- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
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- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
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- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
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- Carbofer General Trading SA - India
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- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
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- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
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