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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 $2 billion will be invested by MEC Coal to build a 1,250 megawatt power plant for the smelter.
Ras Al Khaimah produces less oil than Dubai and its oil-rich neighbor Abu Dhabi, and has instead focused on developing its industrial sector.
It opened its first cement company in 1970s and is now the UAE’s largest producer of cement. In the 1980s, the emirate established RAK Ceramics, now one of the world’s biggest ceramics producers.
Source: The Jakarta Globe
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Sunday, 20 December 09
GLOBAL COAL MAJORS MAKE THEIR PRESENTATIONS
Major energy companies from four countries, including the U.S., Indonesia and South Africa, have completed detailed presentations before a committee ...
Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
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- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
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- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Economic Council, Georgia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
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- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- PTC India Limited - India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
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