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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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Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
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- Central Electricity Authority - India
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- Miang Besar Coal Terminal - Indonesia
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- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
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- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
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- Straits Asia Resources Limited - Singapore
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- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
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- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
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- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- ASAPP Information Group - India
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- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Holcim Trading Pte Ltd - Singapore
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- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
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- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
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- Mercuria Energy - Indonesia
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- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
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