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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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Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
Wednesday, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- The University of Queensland
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- PTC India Limited - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
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