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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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Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
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Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
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- Sindya Power Generating Company Private Ltd
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- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
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- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
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- Samtan Co., Ltd - South Korea
- Planning Commission, India
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- European Bulk Services B.V. - Netherlands
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- Electricity Authority, New Zealand
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- ASAPP Information Group - India
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- Economic Council, Georgia
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- MS Steel International - UAE
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- The University of Queensland
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- Simpson Spence & Young - Indonesia
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- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
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- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
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- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
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- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
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- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
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- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
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- Singapore Mercantile Exchange
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- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
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- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
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- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Borneo Indobara - Indonesia
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- Aditya Birla Group - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
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- Mercator Lines Limited - India
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- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- Karbindo Abesyapradhi - Indoneisa
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- Ambuja Cements Ltd - India
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- Siam City Cement - Thailand
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- Ministry of Transport, Egypt
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- Altura Mining Limited, Indonesia
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