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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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Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
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- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
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- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Indogreen Group - Indonesia
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- India Bulls Power Limited - India
- The University of Queensland
- Edison Trading Spa - Italy
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