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Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
 The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 million tonnes destined for India, the firm's chief executive said.
Indonesia is the world's top exporter of thermal coal, and coal production in East Kalimantan, on the island of Borneo, accounts for more than half of the country's total coal output, forecast to reach around 230 million tonnes this year.
MEC is a 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-mile) rail link to take coal from a mine in East Kalimantan province to a coal terminal.
"We are looking at full-scale production starting in 2010 with a delivery of 2 million tonnes," Naveen Chandralal, Middle East Coal's chief executive officer, told Reuters in an e-mail, adding that it would also begin work on the coal rail project.
The coal will be all exported to India, Chandralal said.
Shipments will subsequently increase up to 32 million tonnes by 2015, he added.
MEC operates a greenfield coal concession in East Kalimantan with estimated resources of 2 billion tonnes of low-sulphur/low-ash thermal coal.
The firm has been in talks to buy equity stakes in India's power plants in exchange for a long-term supply deal.
"Although India is a key market for coal as the country continues to address its power requirement, MEC would like to be part of the Indian growth story rather than just a supplier of coal," Chandralal said.
MEC is close to finalising agreements to take equity stakes in Indian power plants, he said, but declined to identify them, saying that was confidential information.
India is expected to step up coal imports in 2012 for its new power projects as its own production lags.
The firm also expects to start construction of the railway project to link its mine in Muara Wahau to Bengalon port in East Kalimantan, in March 2010, Chandralal said, "with a view to commissioning the first cargo train by early 2012".
The firm has acquired about 80 percent of the land needed for the project, he said. The project is estimated to cost around $1 billion, the firm has said.
Indonesia mostly uses waterways to ship coal as most coal mines are located near rivers or the open sea.
Source: Reuters
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Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
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- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
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- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
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- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
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- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Star Paper Mills Limited - India
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- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
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- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
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- Central Electricity Authority - India
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- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Georgia Ports Authority, United States
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- Global Coal Blending Company Limited - Australia
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- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
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- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
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- Eastern Coal Council - USA
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- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Australian Coal Association
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- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
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- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Planning Commission, India
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- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
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- Makarim & Taira - Indonesia
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- Tamil Nadu electricity Board
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- The Treasury - Australian Government
- New Zealand Coal & Carbon
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- Kobexindo Tractors - Indoneisa
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- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
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- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Ministry of Finance - Indonesia
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- Australian Commodity Traders Exchange
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- London Commodity Brokers - England
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- White Energy Company Limited
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- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
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- Heidelberg Cement - Germany
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- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
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- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
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- Parliament of New Zealand
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- Bulk Trading Sa - Switzerland
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- Power Finance Corporation Ltd., India
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