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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, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
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- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Australian Coal Association
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- White Energy Company Limited
- PTC India Limited - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
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