COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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
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 ...


Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...


   1257 1258 1259 1260 1261   
Showing 6291 to 6295 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Ministry of Transport, Egypt
  • Shree Cement - India
  • Thermax Limited - India
  • Savvy Resources Ltd - HongKong
  • U S Energy Resources
  • Semirara Mining and Power Corporation, Philippines
  • Borneo Indobara - Indonesia
  • ING Bank NV - Singapore
  • Bayan Resources Tbk. - Indonesia
  • CESC Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • UBS Singapore
  • Mitsui
  • London Commodity Brokers - England
  • TeaM Sual Corporation - Philippines
  • Energy Link Ltd, New Zealand
  • Maybank - Singapore
  • Samsung - South Korea
  • Indogreen Group - Indonesia
  • CIMB Investment Bank - Malaysia
  • Malabar Cements Ltd - India
  • BNP Paribas - Singapore
  • Pipit Mutiara Jaya. PT, Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Freeport Indonesia
  • The University of Queensland
  • Sindya Power Generating Company Private Ltd
  • Credit Suisse - India
  • Mechel - Russia
  • Vizag Seaport Private Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Eastern Energy - Thailand
  • Miang Besar Coal Terminal - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • MEC Coal - Indonesia
  • Chamber of Mines of South Africa
  • Standard Chartered Bank - UAE
  • Parry Sugars Refinery, India
  • Kalimantan Lumbung Energi - Indonesia
  • OCBC - Singapore
  • Peabody Energy - USA
  • Argus Media - Singapore
  • Xstrata Coal
  • Energy Development Corp, Philippines
  • Mintek Dendrill Indonesia
  • Cosco
  • Agrawal Coal Company - India
  • Lafarge - France
  • TNB Fuel Sdn Bhd - Malaysia
  • Salva Resources Pvt Ltd - India
  • Wilmar Investment Holdings
  • Wood Mackenzie - Singapore
  • Indo Tambangraya Megah - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Bukit Makmur.PT - Indonesia
  • Planning Commission, India
  • ICICI Bank Limited - India
  • Xindia Steels Limited - India
  • Coal Orbis AG
  • Qatrana Cement - Jordan
  • Electricity Generating Authority of Thailand
  • Cemex - Philippines
  • Merrill Lynch Commodities Europe
  • Vedanta Resources Plc - India
  • PTC India Limited - India
  • KPCL - India
  • PLN Batubara - Indonesia
  • Coal and Oil Company - UAE
  • Commonwealth Bank - Australia
  • Mercator Lines Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Tanito Harum - Indonesia
  • SGS (Thailand) Limited
  • The Treasury - Australian Government
  • DBS Bank - Singapore
  • Rio Tinto Coal - Australia
  • Georgia Ports Authority, United States
  • Deloitte Consulting - India
  • Bank of China, Malaysia
  • ANZ Bank - Australia
  • Independent Power Producers Association of India
  • Heidelberg Cement - Germany
  • Singapore Mercantile Exchange
  • Grasim Industreis Ltd - India
  • Sucofindo - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Orica Mining Services - Indonesia
  • Indian Energy Exchange, India
  • Inspectorate - India
  • IMC Shipping - Singapore
  • globalCOAL - UK
  • Runge Indonesia
  • Geoservices-GeoAssay Lab
  • CoalTek, United States
  • Vale Mozambique
  • Jindal Steel & Power Ltd - India
  • EMO - The Netherlands
  • Panama Canal Authority
  • Straits Asia Resources Limited - Singapore
  • Platou - Singapore
  • Sojitz Corporation - Japan
  • Bahari Cakrawala Sebuku - Indonesia
  • Australian Coal Association
  • Arutmin Indonesia
  • bp singapore
  • TANGEDCO India
  • Kohat Cement Company Ltd. - Pakistan
  • JPMorgan - India
  • Directorate General of MIneral and Coal - Indonesia
  • The India Cements Ltd
  • NTPC Limited - India
  • Therma Luzon, Inc, Philippines
  • Britmindo - Indonesia
  • Tata Chemicals Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Edison Trading Spa - Italy
  • Coaltrans Conferences
  • APGENCO India
  • Inco-Indonesia
  • Global Coal Blending Company Limited - Australia
  • Essar Steel Hazira Ltd - India
  • European Bulk Services B.V. - Netherlands
  • Global Green Power PLC Corporation, Philippines
  • Siam City Cement - Thailand
  • Ince & co LLP
  • Asian Development Bank
  • Russian Coal LLC
  • Goldman Sachs - Singapore
  • IHS Mccloskey Coal Group - USA
  • IBC Asia (S) Pte Ltd
  • Timah Investasi Mineral - Indoneisa
  • CNBM International Corporation - China
  • Rudhra Energy - India
  • SUEK AG - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Thriveni
  • Surastha Cement
  • Permata Bank - Indonesia
  • Interocean Group of Companies - India
  • Indian School of Mines
  • Africa Commodities Group - South Africa
  • Anglo American - United Kingdom
  • Orica Australia Pty. Ltd.
  • The State Trading Corporation of India Ltd
  • Toyota Tsusho Corporation, Japan
  • Indian Oil Corporation Limited
  • Bhatia International Limited - India
  • Cargill India Pvt Ltd
  • Sakthi Sugars Limited - India
  • Manunggal Multi Energi - Indonesia
  • KOWEPO - South Korea
  • Kartika Selabumi Mining - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Larsen & Toubro Limited - India
  • SMG Consultants - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Madhucon Powers Ltd - India
  • Intertek Mineral Services - Indonesia
  • South Luzon Thermal Energy Corporation
  • TGV SRAAC LIMITED, India
  • GMR Energy Limited - India
  • Binh Thuan Hamico - Vietnam
  • Bukit Asam (Persero) Tbk - Indonesia
  • Deutsche Bank - India
  • Karbindo Abesyapradhi - Indoneisa
  • Ernst & Young Pvt. Ltd.
  • Parliament of New Zealand
  • Indonesia Power. PT
  • J M Baxi & Co - India
  • Jatenergy - Australia
  • Thai Mozambique Logistica
  • Uttam Galva Steels Limited - India
  • Sarangani Energy Corporation, Philippines
  • Videocon Industries ltd - India
  • Arch Coal - USA
  • GVK Power & Infra Limited - India
  • Glencore India Pvt. Ltd
  • Moodys - Singapore
  • Attock Cement Pakistan Limited
  • Makarim & Taira - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Aboitiz Power Corporation - Philippines
  • Ambuja Cements Ltd - India
  • Infraline Energy - India
  • Minerals Council of Australia
  • Siam City Cement PLC, Thailand
  • GHCL Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • Cardiff University - UK
  • Ind-Barath Power Infra Limited - India
  • GNFC Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Cebu Energy, Philippines
  • Port Waratah Coal Services - Australia
  • Gupta Coal India Ltd
  • IOL Indonesia
  • Australian Commodity Traders Exchange
  • Gresik Semen - Indonesia
  • Humpuss - Indonesia
  • Berau Coal - Indonesia
  • Meralco Power Generation, Philippines
  • Lanco Infratech Ltd - India
  • Bangkok Bank PCL
  • ACC Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Maersk Broker
  • Latin American Coal - Colombia
  • Oldendorff Carriers - Singapore
  • Thailand Anthracite
  • ASAPP Information Group - India
  • Coastal Gujarat Power Limited - India
  • McConnell Dowell - Australia
  • Bhoruka Overseas - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • India Bulls Power Limited - India
  • Iligan Light & Power Inc, Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • Thomson Reuters GRC
  • Aditya Birla Group - India
  • Merrill Lynch Bank
  • Antam Resourcindo - Indonesia
  • San Jose City I Power Corp, Philippines
  • Dalmia Cement Bharat India
  • OPG Power Generation Pvt Ltd - India
  • Carbofer General Trading SA - India
  • New Zealand Coal & Carbon
  • Enel Italy
  • Core Mineral Indonesia
  • JPower - Japan
  • Karaikal Port Pvt Ltd - India
  • Altura Mining Limited, Indonesia
  • Formosa Plastics Group - Taiwan
  • Economic Council, Georgia
  • Bukit Baiduri Energy - Indonesia
  • Metalloyd Limited - United Kingdom
  • Reliance Power - India
  • TNPL - India
  • Fearnleys - India
  • Asmin Koalindo Tuhup - Indonesia
  • McKinsey & Co - India
  • Indorama - Singapore
  • Semirara Mining Corp, Philippines
  • World Coal - UK
  • Trasteel International SA, Italy
  • Kepco SPC Power Corporation, Philippines
  • Pinang Coal Indonesia
  • Medco Energi Mining Internasional
  • Eastern Coal Council - USA
  • SASOL - South Africa
  • GN Power Mariveles Coal Plant, Philippines
  • Malco - India
  • UOB Asia (HK) Ltd
  • Kobexindo Tractors - Indoneisa
  • Central Java Power - Indonesia
  • Star Paper Mills Limited - India
  • PLN - Indonesia
  • Indika Energy - Indonesia
  • KPMG - USA
  • GB Group - China
  • Banpu Public Company Limited - Thailand
  • IEA Clean Coal Centre - UK
  • Japan Coal Energy Center
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Mitsubishi Corporation
  • ETA - Dubai
  • Neyveli Lignite Corporation Ltd, - India
  • Platts
  • SRK Consulting
  • Gujarat Sidhee Cement - India
  • Samtan Co., Ltd - South Korea
  • Rashtriya Ispat Nigam Limited - India
  • Indonesian Coal Mining Association
  • Bhushan Steel Limited - India
  • Price Waterhouse Coopers - Russia
  • Mjunction Services Limited - India
  • Marubeni Corporation - India
  • CCIC - Indonesia
  • Idemitsu - Japan
  • Renaissance Capital - South Africa
  • Kaltim Prima Coal - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • MS Steel International - UAE
  • WorleyParsons
  • RBS Sempra - UK
  • Coeclerici Indonesia
  • Tamil Nadu electricity Board
  • Coalindo Energy - Indonesia
  • Sical Logistics Limited - India
  • Central Electricity Authority - India
  • Power Finance Corporation Ltd., India
  • PetroVietnam
  • Billiton Holdings Pty Ltd - Australia
  • Bharathi Cement Corporation - India
  • Jaiprakash Power Ventures ltd
  • HSBC - Hong Kong
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Barasentosa Lestari - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Noble Europe Ltd - UK
  • Ministry of Finance - Indonesia
  • White Energy Company Limited
  • Baramulti Group, Indonesia
  • Maheswari Brothers Coal Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • PowerSource Philippines DevCo
  • Meenaskhi Energy Private Limited - India
  • World Bank
  • Ministry of Mines - Canada
  • Holcim Trading Pte Ltd - Singapore
  • Cement Manufacturers Association - India
  • PetroVietnam Power Coal Import and Supply Company
  • Romanian Commodities Exchange
  • Kumho Petrochemical, South Korea
  • Coal India Limited
  • Total Coal South Africa
  • KEPCO - South Korea
  • Bangladesh Power Developement Board
  • International Coal Ventures Pvt Ltd - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Adaro Indonesia
  • BRS Brokers - Singapore
  • Petrosea - Indonesia
  • Clarksons - UK
  • VISA Power Limited - India
  • Riau Bara Harum - Indonesia
  • Thiess Contractors Indonesia
  • TRAFIGURA, South Korea
  • Mitra SK Pvt Ltd - India
  • Bulk Trading Sa - Switzerland
  • Bank of America
  • Tata Power - India
  • Maharashtra Electricity Regulatory Commission - India
  • SMC Global Power, Philippines
  • Barclays Capital - USA
  • Shenhua Group - China
  • Posco Energy - South Korea
  • Kobe Steel Ltd - Japan
  • Petron Corporation, Philippines
  • Electricity Authority, New Zealand
  • Asia Cement - Taiwan
  • Mercuria Energy - Indonesia
  • Adani Power Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Vitol - Bahrain
  • NALCO India
  • Chettinad Cement Corporation Ltd - India
  • Maruti Cements - India
  • Simpson Spence & Young - Indonesia
  • Global Business Power Corporation, Philippines
  • EIA - United States