We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
...
Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
|
|
|
Showing 6176 to 6180 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
|
| |
| |
|
