Coal India to invest $3 billion in Indonesia

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Asean Affairs 15 April 2011

March 18, 2011
Indonesia could reach investment grade in a year

Coal India, India’s biggest coal producer, plans to invest up to $3 billlion in a coking coal mine, steel plant and a seaport on Indonesia’s Kalimantan island, Agustin Teras Narang, the Central Kalimantan governor, said on Thursday.

Narang said on the sidelines of an infrastructure summit in Jakarta that Coal India was expected to complete feasibility studies in June in order to know what coal reserves they could develop.

“[Coal India] will prepare all the funds for the projects,” Narang said, adding that the parties had signed a preliminary agreement earlier this year.

However, the lack of a regulatory framework on land acquisition has made a lot of Indonesian projects uncertain, analysts and investors said during the three-day summit. Central Kalimantan province has about 4.8 billion tons of coal reserves and coking coal is estimated to represent around 40 percent of that.

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ASEAN ANALYSIS

This year in Thailand-what next?

AseanAffairs 04 January 2011
By David Swartzentruber

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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