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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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Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...
Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...
Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...
Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...
Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
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- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
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- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
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- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
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- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
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- Grasim Industreis Ltd - India
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- Sical Logistics Limited - India
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- White Energy Company Limited
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- Coal and Oil Company - UAE
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- Mjunction Services Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
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- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
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- Global Business Power Corporation, Philippines
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- Rashtriya Ispat Nigam Limited - India
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- Pendopo Energi Batubara - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
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- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
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- PTC India Limited - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- The University of Queensland
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
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- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
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- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
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- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
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- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
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- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
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- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
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- Maheswari Brothers Coal Limited - India
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- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
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- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
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- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
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- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
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- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
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- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
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