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Wednesday, 03 June 09
BUILDING A ROAD TO LINK 3 GIANTS - THE JAKARTA GLOBE
 Madhu Koneru is building a road to the future that will bring together the financial heft of the Middle East, the technological know-how of a rising India and the vast natural resources of emerging Indonesia.
The $800 million infrastructure project his company, RAK Minerals & Metals Investments, is undertaking in Kalimantan will provide better access to the rich coal deposits there and create new opportunities and thousands of jobs. The project includes a 135-kilometer rail line, a road and a coal terminal.
The next stage of the project will include a $3 billion smelter and 1,400-megawatt power plant, which Koneru said would create 3,000 new jobs in the future.
“This is not rocket science,” he said. “We are developing traditional infrastructure that creates employment and industrial growth using Indonesian coal as the base.”
RMMI, a joint venture between India’s Trimex Group and the United Arab Emirates, has been working on the railway project for the past two years and expects to complete it in the third quarter of 2010. It hopes to have the smelter and power plant completed in the next five years.
RMMI was founded in 2007 with an investment of $200 million, and has grown into a global conglomerate with an asset base of more than $4 billion. The company has expanded into Africa, Europe, India and the Middle East. Last year, it established Middle East Coal to manage the group’s coal investments in Indonesia .
Koneru said the global credit crunch had not affected the appetite among Middle Eastern investors for opportunities in this region, and in Indonesia in particular. RMMI aims to be at the forefront of the coming wave of investment to link the Middle East, India and Indonesia.
“The combination of India, UAE and Indonesia is the right mix and is a proven formula,” he said. “It’s an example of how things can move forward between three countries that are so close to each other.”
India, he said, is a big market for Indonesian coal and thus has a natural interest in being part of the growth story in this country. India imports 100 million tons of coal each year to feed its growing energy needs and Indonesia is one of its biggest suppliers.
Doing business in Indonesia, he said, had its own unique challenges, but was no different from other countries RMMI has investments in, such as Congo and Armenia. It took the company four months to get the necessary paperwork done for its railway line and coal terminal.
But not all of its investments in Indonesia have proceeded so smoothly. RMMI’s $1.5 billion investment in the Tanjung Api-Api integrated port project in South Sumatra hit some snags over land acquisition for the development.
“In South Sumatra, we have had some problems with the land for the port, but when that issue is cleared we will go back,” Koneru said.
Infrastructure specialist Scott Younger, chief commissioner of Glendale Partners, said the project would open up access through the heart of East Kalimantan, where the development of smaller and mid-sized coal mines has proceeded slowly due to a lack of supporting infrastructure.
The RMMI railway is expected to connect six coal mines in the region, but it is unclear how many of these mines have signed up so far. “This project has been on the cards for a long time and [RMMI] are the right people to develop it,” Younger said.
Given the mountainous terrain and thick rainforest in Kalimantan, the region is largely uninhabited, except for local tribes.
It is hoped that with the road and railway track, the region may attract migrants as new industries open up, fuelling development and urban growth.
Source: http://thejakartaglobe.com/business/building-a-road-to-link-3-giants/278805
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Tuesday, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
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Showing 6606 to 6610 news of total 6871 |
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- SMC Global Power, Philippines
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