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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 $1 billion.
Middle East Coal plans to start shipments of 3 to 5 million tonnes of thermal coal via road. Once the rail project is complete, shipments would rise to 17 million tonnes, Koneru said.
MEC had raised its projections for how much coal it could ship as it had progressed with planning for the project, Koneru said. Earlier this year, the company said that it would ship 15 million tonnes of coal.
Coal production in East Kalimantan accounts for over half of Indonesia's total coal output, forecast to reach around 230 million tonnes this year. Indonesia is the world's top exporter of thermal coal.
Of the 17 million tonnes, 10 million would be shipped to India, 7 million to China and the remaining two million tonnes to the UAE's northern emirate of Ras al-Khaimah, home to RMMI, said Koneru.
"And right now we are also in talks with Australian and Canadian companies, we hope one of them will operate the rail project," said Koneru.
The mines would be operated by local Indonesian companies.
The company had finalized in the past few weeks a deal to own 130 km of land in East Kalimantan which includes the coal mine.
"This is now private owned land and before we bought it no one was living on it," said Koneru. "But there are six villages in the area. We hope to create job opportunities for their people," he added.
Source: Reuters
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Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 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 ...
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- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Planning Commission, India
- The University of Queensland
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Altura Mining Limited, Indonesia
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