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Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
 Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two foreign partners for a Rs 18,000 crore smelter and power plant project in Indonesia within next couple of months.
The company intends to tie up with Pt Antam, a government owned mining company of Indonesia and MEC (Middle East Coal) promoted by Ras Al Khaimah Minerals and Metals Investment of UAE for the project.
The Indonesian project, billed as a key growth driver for Nalco, is part of the company’s Rs 40,000 crore expansion plan incorporated in its Vision 2020 document.
The project comprises of setting up of a 0.5 million tonne per annum aluminium smelter and 1260 Mw captive power plant (CPP) over 6,000 acres of land in East Kalimantan province of Indonesia.
Though both the foreign partners are keen to have 40 per cent shares each, Nalco, with its role as the lead promoter, will hold at least 50 per cent stake in the project and can only allow them less than 50 per cent shares combinedly, said B.L. Bagra, director, finance, Nalco.
The finalization of the terms of the JV agreement will be followed up with preparation of detailed project report (DPR) for the venture. The company had recently invited bids for appointment of consultant for DPR and Tata Consulting Engineers, Dastur & Co, Engineers India (EIL) and Canadian firm, SNC Lavlin are vying for this Rs 5 crore contract.
The JV agreement is a pre-curser to DPR as this will provide a clear picture on the cost to be borne towards procurement of coal and transportation.
While the company expects the partnership with the Indonesian government company Pt Antam will help the project to sail smoothly in that country, the tie up with MEC, which operates coal mines, rail lines and port in East Kalimantan province, will be strategic in securing raw material supply and transport infrastructure for the smelter and power plants.
With the debt equity ratio of the Rs 18,000 crore-project being pegged at 70: 30 and Nalco intent on having at least 50 per cent stake in it, the equity exposure of the company is estimated at around Rs 2,700 crore.
After the JV agreement and finalization of DPR, the company will seek the approval of its board and the government for equity investment and approach foreign financial institutions for financing the project.
The debt component at Rs 12,400 crore being a sizeable amount, the company will seek international consortium financing, Bagra said.
With the DPR expected to take about 8 months to prepare, the work on the project is expected to start within a year from now, he added.
Source: SIFY(By:Dillip Satapathy)
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Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
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- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
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- Wilmar Investment Holdings
- Bhushan Steel Limited - India
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- Eastern Energy - Thailand
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- Larsen & Toubro Limited - India
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- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
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- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
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- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
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- Sarangani Energy Corporation, Philippines
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- The University of Queensland
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
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- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
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- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
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- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
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- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
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