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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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Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia' ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- The University of Queensland
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- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
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- Interocean Group of Companies - India
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- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Planning Commission, India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- White Energy Company Limited
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- PTC India Limited - India
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