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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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Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
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- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Planning Commission, India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
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