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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 supply, an executive said on Monday.
MEC is joint venture between UAE investment fund RAK Minerals and Metals Investments (RMMI) and UAE-based mining company Trimex. RMMI won a license in March to build a 150 km (93 miles) rail link carrying coal from a mine in Indonesia's East Kalimantan province to a coal terminal.
"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 finalised by the end of next month," said Madu Koneru, vice chairman of Middle East Coal.
"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," he told Reuters on the sidelines of a mining conference in Bahrain.
The deals would help MEC find the $500 million in financing it needs for the project, he said. MEC would start approaching institutions for funding once the deals were in place, he added.
RMMI plans to provide $100 million of the initial $600 million investment. Around $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, Koneru said.
The project has a cost estimate of around $1 billion.
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, Koneru said.
MEC had raised its projections for how much coal it could ship as it had progressed with planning for the project, Koneru said. Earlier this year, the company said that it would ship 15 million tonnes of coal.
Coal production in East Kalimantan accounts for over half of Indonesia's total coal output, forecast to reach around 230 million tonnes this year. Indonesia is the world's top exporter of thermal coal.
Of the 17 million tonnes, 10 million would be shipped to India, 7 million to China and the remaining two million tonnes to the UAE's northern emirate of Ras al-Khaimah, home to RMMI, said Koneru.
"And right now we are also in talks with Australian and Canadian companies, we hope one of them will operate the rail project," said Koneru.
The mines would be operated by local Indonesian companies.
The company had finalized in the past few weeks a deal to own 130 km of land in East Kalimantan which includes the coal mine.
"This is now private owned land and before we bought it no one was living on it," said Koneru. "But there are six villages in the area. We hope to create job opportunities for their people," he added.
Source: Reuters
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Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
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- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
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- Ceylon Electricity Board - Sri Lanka
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- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Planning Commission, India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- The University of Queensland
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
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