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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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Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
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Showing 6611 to 6615 news of total 6871 |
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- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
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