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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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Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
Wednesday, 17 November 10
DRY BULK MARKET LOOKING FOR SUPPORT IN COAL TRADES AND INDIAN IRON ORE EXPORTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Nikos Roussanoglou, Hellenic Shipping reported that, the dry bulk market is lacking support to end its 13-day slide, as evidenced by Monday’s ...
Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST
The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with t ...
Tuesday, 16 November 10
ROTHSCHILD BUYS INDONESIAN COAL STAKES FOR $3 BILLION - BLOOMBERG
Bloomberg reported that, Nathaniel Rothschild, the only son of U.K. financier Jacob Rothschild, agreed to invest $3 billion in two Indonesian coal c ...
Sunday, 14 November 10
THE FREIGHT MARKET CONTINUED ITS DOWN FALL - VISTAAR SINGAPORE
COALspot.com: The freight market continued its down fall with BDI down by 7.29 pct and closed at 2,313 points.
All other segments were also under ...
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- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
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