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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, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...
Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
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- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
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- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
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- SMC Global Power, Philippines
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- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
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- Directorate Of Revenue Intelligence - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
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- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
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- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
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- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
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- Makarim & Taira - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
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- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
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- Chamber of Mines of South Africa
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- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
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- Meralco Power Generation, Philippines
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- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- PTC India Limited - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
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