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Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
.jpg) The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations, an industry source said on Wednesday.
The long-term supply deal would be in exchange for an equity stake in Tata, the India-based source who is familiar with the talks, said.
Middle East Coal (MEC) is a joint venture between United Arab Emirates' investment fund RAK Minerals and Metals Investments (RMMI) and UAE-based mining company Trimex.
"There are talks going on between MEC and Tata Power for the shipping of coal from Indonesia to India from MEC's new project there," the industry source said, declining to be identified.
MEC plans to start operation of coal mines in Indonesia's coal-rich East Kalimantan province this year with initial production of 2 million tonnes destined for India. The supply deal would help MEC find the $500 million in financing it needs for the project which has an estimated cost of $1 billion.
A senior MEC official declined to comment on the Tata talks.
"We held talks with five of India's top energy companies about supplying them with coal," said Madu Koneru, vice chairman of Middle East Coal, declining to name the companies involved.
"The announcement of the company names will be sometime in March and we are also in talks with companies in China."
Tata Power also declined to comment on any talks with MEC.
"We are exploring different options for our coal requirements in Indonesia and elsewhere," a spokesman from Tata Power told Reuters in an email.
RMMI won a licence in March to build a 150 km (93 miles) rail link carrying coal from a mine in East Kalimantan to a coal terminal.
MEC plans to start shipments of 3 to 5 million tonnes of thermal coal via road. Once the rail project is complete, shipments would rise to 17 million tonnes.
Of the 17 million tonnes, 10 million would be shipped to India, 7 million to China and the remaining two million tonnes to the UAE's northern emirate of Ras al-Khaimah, home to RMMI.
PROJECT PARTNERS
MEC's mine and railway are central to the development of an industrial facilities complex that will include a power plant fuelled by coal, an aluminium smelter, a fertiliser plant and a high capacity port terminal with a total investment valued at $5billion, said an MEC company statement.
Together with equity partner NALCO, an Indian government entity and Asia's largest integrated aluminium complex, MEC plans to invest $2 billion in a greenfield aluminium smelter producing 500,000 tons of aluminium a year, the statement added.
A further $2 billion investment will build a 1,250 mega watt captive power plant and other auxiliary facilities for the smelter, it said.
On the railway project MEC had partnered with CANAC, a Canadian railway and transportation services firm for railway and port operations and maintenance.
IL&FS Transportation Networks Limited, (ITNL) a subsidiary of India's Infrastructure Leasing & Financial Services (IL&FS) Group would provide MEC with financing to build the transportation infrastructure, railway network and deep sea port.
"The agreement is on a build, finance and transfer basis and MEC and IL&FS Group hold a shared vision of bringing coal to India," said MEC's Koneru.
Coal production in East Kalimantan accounts for over half of Indonesia's total coal output, forecast to reach around 230 million tonnes this year. Indonesia is the world's top exporter of thermal coal.
Source: Reuters / Yahoo
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Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
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- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
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- SMC Global Power, Philippines
- Goldman Sachs - Singapore
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- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Interocean Group of Companies - India
- White Energy Company Limited
- India Bulls Power Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
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