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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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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
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- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Economic Council, Georgia
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
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