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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
 A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a fully owned subsidiary of Trimex — will commission Indonesia's first private rail project in early 2011, an MEC official told reporters yesterday.
"MEC Infra expects to commission the first cargo train in 2011 with the first phase of development expected to handle 32 million tonnes per annum capacity of coal.
"We have completed the land acquisition for the project and expect to sign the engineering procurement and commissioning (EPC) contract for the rail corridor by May this year," Madhu Koneru, executive vice-chairman of MEC Holdings told reporters.
MEC Infra obtained Indonesia's first private railway licence to develop a 130km integrated freight corridor between Muaran Wahau to the port Bengalon in Kalimantan province.
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"MEC Infra expects to commission the first cargo train in 2011 with the first phase of development expected to handle 32 million tons per annum capacity of coal”
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The rail project is developed as part of infrastructure development for a coal mining project undertaken by MEC Coal, a mining company jointly owned by RakiaRakia and MEC holdings.
MEC Coal is developing one of the largest green field coal mines in Asia, located in the East Kalimantan province of Indonesia.
In addition to exporting coal to India, China and the Middle East, the company is targeting to develop a domestic market for its coal output.
"We do not want to [be] purely dependent on exports. As part of our efforts to develop a captive market for our coal output we have tied up with National Aluminium Company of India to develop a 500,000 tonnes per annum capacity aluminium smelter near our mine," said Koneru.
MEC Coal will take 26 per cent equity stake in the $2 billion (Dh7.3 billion) smelter complex that will also include a 1,250 megawatt captive power plant.
As part of marketing the coal to its end users in India, MEC Coal is planning to enter equity swap deals with coal importers. Through these deals, MEC Coal proposed to take minority stakes in private sector coal based power producers in India while offering them minority stakes in MEC Coal.
Price stability
"This is an innovative structure we are introducing to bring price stability for coal over a long term. As stakeholders in both supply and demand side of coal business it should work to smoothen the impact of price fluctuations," he said.
MEC is negotiating a $1 billion financing of the infrastructure projects around the coal mine including the rail project with Infrastructure Leasing and Financial Services, an India-based infrastructure financing company.
In addition to coal mining and infrastructure development, MEC Holdings is exploring investments in the agriculture sector.
Source: Zawya
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Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
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- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- White Energy Company Limited
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- The University of Queensland
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
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