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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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Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
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- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
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- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
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- Mintek Dendrill Indonesia
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- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
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- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
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- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Interocean Group of Companies - India
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- Orica Mining Services - Indonesia
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- Indian Energy Exchange, India
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- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
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- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
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- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
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- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
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- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
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- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
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- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
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- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
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