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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, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...
Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
COALspot.com: Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purc ...
Wednesday, 27 October 10
CHINA AIDS RUSSIA IN DEVELOPING COAL RESOURCES - PEOPLE'S DAILY
People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...
Wednesday, 27 October 10
MAIDEN COAL SHIPMENTS TO NOBLE RESOURCES - PAN ASIA AUSTRALIA
Press Release :
First Coal Shipments made from Nadvara Coal Project, East Kalimantan
51,616 tonnes delivered from October production &ndas ...
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- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Parliament of New Zealand
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Australian Coal Association
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Planning Commission, India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
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