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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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Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
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Showing 6011 to 6015 news of total 6871 |
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- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
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