We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
|
|
|
Showing 5806 to 5810 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
|
| |
| |
|
