Devnya, Bulgaria – Devnya Cement has startet of one of its biggest investment projects for the last 20 years. EUR 250 million will be invested in the reconstruction and modernization of the cement factory in Devnya.
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Kolkata, India – The Birla Corporation plans to sign a pact with the Assam government in September to set up a one million tonne greenfield cement plant project in that state, Birla Corporation chairman Harsh V. Lodha said.
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Ahmedabad, India – Adani Enterprises, through its step-down Indonesian subsidiary, PT Adani Global, has entered into a binding tripartite agreement for setting up a dedicated rail and port project with the regional government of Sumatra Selatan , Indonesia and PT Bukit Asam. The project is estimated to cost USD 1.65 billion and will be constructed within 48 months.
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London (ON), Canada – Fortune Minerals announce that it has developed a new commercially competitive railway transportation option for haulage of anthracite metallurgical coal products from the Company‘s Mount Klappan project in northwest British Columbia to the port of Prince Rupert.
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Zug, Switzerland – A susidiary of Foster Wheeler’s Global Power Group has been awarded a contract by Daewoo Engineering for the design and supply of two circulating fluidized-bed (CFB) steam generator systems for PT Merak Energi. The project is located in Banten Province on the western part of Java Island in Indonesia.
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Vienna, Austria – A consortium led by Strabag has won the construction contract for a 7000 tonnes per day cement plant project near Varna, Bulgaria, from Devnya Cement. The total value of the contract amounts to EUR 160 million, Strabag’s share will be EUR 90 million.
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Newcastle (NSW), Australia – On August 9, 2010, the Newcastle Coal Infrastructure Group announced that the second development stage of the third Newcastle coal terminal project will begin immediately. This second stage will increase capacity to 53 million tonnes per year.
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Gresik, Indonesia – PT Semen Gresik will release its IDR 3 trillion banking loan facility to complete its capital expenditure of 2011 which will reach around IDR 5 trillion (approx. EUR 420 million). The allocated capital expenditure will be used for capacity extension projects.
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Brisbane, Australia – Linc Energy has completed the coal sale of its 100 per cent interest in the Galilee coal tenement to Adani Mining for AUD 500 million in cleared funds.
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