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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
MEC is JV between UAE investment fund RAK Minerals & Metals Investments and UAE based mining company Trimex. RMMI won a license in March to build a 150 kilometers long rail link carrying coal from a mine in Indonesia's East Kalimantan province to a coal terminal.
Mr Madu Koneru VC of Middle East Coal said that "We are close to signing a contact with a number of Indian power plants who need to be supplied with coal over the coming 15 years, the deals will be finalized by the end of next month. India has one of the fastest growing economies and also has a shortage of power supply so that's why we have decided to go ahead with these deals."
The deals would help MEC find the USD 500 million in financing it needs for the project. MEC would start approaching institutions for funding once the deals were in place.
He said that RMMI plans to provide USD 100 million of the initial USD 600 million investment. Around USD 500 million will come from institutions such as the World Bank. The rest of the investment would come from additional partners that the company is now seeking.
Middle East Coal plans to start shipments of 3 to 5 million tonnes of thermal coal via road. Once the rail project is complete, shipments would rise to 17 million tonnes. MEC had raised its projections for how much coal it could ship as it had progressed with planning for the project. Earlier this year, the company said that it would ship 15 million tonnes of coal.
Sourced from Steel Guru
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Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
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- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- The University of Queensland
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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