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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, 09 November 10
NOBLE GROUP APPOINTED AS THE EXCLUSIVE MARKETING AGENT FOR PT. BERAU COAL
COALspot.com: Noble Group Limited has recently been appointed as the exclusive marketing agent for PT. Berau Coal production exported to internation ...
Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct.
The BDI and Cape Size index was down ...
Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 poi ...
Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...
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- SMC Global Power, Philippines
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- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
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- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
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- Antam Resourcindo - Indonesia
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- Georgia Ports Authority, United States
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- Indian Energy Exchange, India
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- South Luzon Thermal Energy Corporation
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- PowerSource Philippines DevCo
- Parliament of New Zealand
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- Wood Mackenzie - Singapore
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- Heidelberg Cement - Germany
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- Australian Coal Association
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- LBH Netherlands Bv - Netherlands
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- SN Aboitiz Power Inc, Philippines
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- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
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- Anglo American - United Kingdom
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- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
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- Aditya Birla Group - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Planning Commission, India
- Romanian Commodities Exchange
- PTC India Limited - India
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- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
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- Ambuja Cements Ltd - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
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- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
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- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
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- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
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- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
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- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
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- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
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- Thiess Contractors Indonesia
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- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- White Energy Company Limited
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
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- Bulk Trading Sa - Switzerland
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