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Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
 MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finished products in and out of the East Kutai region in Indonesia's East Kalimantan Province — where the Government of Ras Al Khaimah has a major coal mining concession — is ready for construction.
In a meeting between Indonesian President Susilo Bambang Yudhoyono and Shaikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, it was announced that the first private railway in Indonesia is ready for construction.
President Yudhoyono and Shaikh Saud were joined by Gita Irawan Wirjawan, Chairman of the Indonesian Investment Coordination Board (BKPM), Madhu Koneru, Group CEO of MEC Holdings, Hari Sankaran, Managing Director and CEO, Infrastructure Leasing and Financial Services Limited (IL&FS) and Allen Alexander Chairman, President and CEO of Savage CANAC Corporation.
This project is fully supported by the Indonesian Investment Coordinating Board as well as the regional governments of East Kalimantan province and East Kutai regency.
Economic ties
"This undertaking will create multiple benefits to the development of the local economy in East Kalimantan. It sets a positive tone for future investments from the Middle East," said President Yudhoyono.
Shaikh Saud said: "This type of public-private, Middle Eastern-Indonesian initiative is a fantastic example of what can be accomplished when the fundamentals make sense for all parties involved. This project will help meet the development needs of East Kalimantan communities, while also serving to meet the energy challenges in Asia, particularly India and China."
MEC Infra will invest $1 billion (Dh3.6 billion) in constructing the railway corridor to link the mine site at Muara Wahau to Bengalon on the coast. Despite certain perceptions about Indonesia, MEC Infra was able to purchase and clear the land for the entire 130 kilometre corridor within a few months.
MEC's mine and railway are central to the development of a complex of integrated industrial facilities that will include a power plant fuelled by coal from MEC Coal, an aluminium smelter, a fertilizer plant and a high capacity port terminal with a total integrated investment valued at $5 billion.
"MEC has formulated strategic partnerships with industry leaders to realise the "Mines to Market" vision. Together with MEC's Madhu Koneru we see the appointment of these industry leaders as a testament to Indonesia's burgeoning future.
"This investment serves as a huge vote of confidence from an investor base that Indonesia shares long term strategic interests with," said Wirjawan.
With equity partner NALCO, an Indian government entity and Asia's largest integrated aluminium complex, MEC and NALCO proposed to invest $2 billion in a Greenfield aluminium smelter producing 500,000 tons of aluminium per annum. A further $2 billion investment will build a 1,250 megawatt captive power plant and other auxiliary facilities for the smelter.
Infrastructure
IL&FS Transportation Networks Limited, (ITNL) a subsidiary of India's IL&FS Group provides MEC financing to build the transportation infrastructure, railway network and deep sea port.
The agreement is on a build, finance and transfer basis. MEC and IL&FS groups hold a shared vis-ion of bringing coal to India, firmly believing the partnership will provide significant benefits for India.
"The land acquisition is almost complete and the project is on schedule. In the next five years MEC's investments alone will create 5,000 new jobs in East Kalimantan. More important, it will transform East Kalimantan into a model for the future of Indonesia by providing a strong platform for growth, helping Indonesia to attract further investments of $20 billion by 2030 and creating more than 100,000 jobs," said MEC's Koneru.
"We are proud to play a role in enhancing the standard of living for the local communities and will remain committed to doing so long after the railroad is built."
Source: Gulf News
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Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
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- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- ASAPP Information Group - India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
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