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Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
 Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase its planned in Indonesia from $1 billion to $5.2 billion to develop an integrated energy project in Kalimantan.
“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,” said Sheikh Saud Bin Saqr Al Qasimi, the crown prince of Ras Al Khaimah, after a meeting with President Susilo Bambang Yudhoyono in Dubai on Sunday.
The project would help meet the development needs of East Kalimantan communities, while serving to meet the energy challenges in Asia, particularly India and China, Al Qasimi said.
The latest agreement is an expansion of a deal signed in February. At that time, representatives of East Kalimantan province and its East Kutai district met with the Ras Al Khaimah Investment Authority and its subsidiary, RAK Minerals and Metals Investments. The two companies agreed to invest in a 139-kilometer coal railway project in the province worth $1 billion.
However, now the emirate will also commit to building a coal terminal, aluminium smelter and a power plant, worth a total of $4.2 billion.
Madhu Koneru, the chief executive of MEC Holdings, the company which will oversee development of the East Kalimantan project, said the total investment could create as many as 5,000 new jobs in the area within five years.
Gita Wirjawan, the chairman of Indonesia’s Investment Coordinating Board (BKPM), said MEC Infra, a subsidiary of MEC Holdings, will invest $1 billion in the railway project.
“Despite certain perceptions about Indonesia, MEC Infra was able to purchase and clear the land for the entire corridor within a few months,” Gita said.
According to a written statement from MEC, the company will also invest $250 million to build the coal terminal.
It will also invest $2 billion in cooperation with NALCO, Asia’s largest integrated aluminum producer, to build a smelter with an estimated production capacity of 500,000 tons annually. An additional $2 billion will be invested by MEC Coal to build a 1,250 megawatt power plant for the smelter.
Ras Al Khaimah produces less oil than Dubai and its oil-rich neighbor Abu Dhabi, and has instead focused on developing its industrial sector.
It opened its first cement company in 1970s and is now the UAE’s largest producer of cement. In the 1980s, the emirate established RAK Ceramics, now one of the world’s biggest ceramics producers.
Source: The Jakarta Globe
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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
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- White Energy Company Limited
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- McConnell Dowell - Australia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
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