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Friday, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
 A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 tonne aluminium smelter in that country. If this is true, then what happened to its deal with MEC Coal, Indonesia?,DNA India reported.
DNA further said in it report, In April this year, Madhu Koneru, executive vice-chairman, MEC Coal, had told DNA that the company has signed a deal with Nalco to supplying 6 million tonne of unwashed coal for Nalco’s 5 lakh tonne aluminium smelter and 1,250 mw power plant. However, with the new advertisement by Nalco, MEC’s role in the project stands on a shaky ground.
In an e-mailed reply, MEC Coal told DNA, “Our agreement with Nalco still stands. Nalco, as a government organisation, is following the proper procedure for large investments and optimisation of infrastructure and resources is being assessed.”
When asked about supplying coal to Nalco’s Indonesian smelter, MEC said, “Yes, MEC plans to supply Nalco with 6 million tonne of coal.”
BL Bagra, director (finance), Nalco, however, has a different story to tell. He said that Nalco has no contract with MEC for coal supplies. “We had a MoU with RAK Minerals and Metals Investments (RMMI), the parent company of MEC Coal. The MoU was for a joint venture for the smelter and power plant. As part of the MoU, the company has an option of picking up 26% stake in the smelter and power plant but nothing was finalised on the coal supply front.” Bagra also said that the MoU nowhere stated that MEC had the right to coal linkages and was signed exclusively for a joint venture in the smelter and power plant.
He said that as a procedural requirement, Nalco had invited all coal miners to bid and MEC continues to be a potential JV partner and bidder for coal supplies. “It will take us 4 years to build the smelter and power plant and we are looking for companies which could build rail, port and other infrastructure by the time our project comes up,” Bagra said.
“MEC is very confident that they will meet all our requirements but we are expecting at least 8-9 companies to take part in the bidding.”
Nalco plans to spend $4 billion on the aluminium smelter and power plant in Indonesia. The firm had signed a Memorandum of Association with the Indonesian government for the smelter in 2008.
The project was supposed to come onstream this year. However, it was marred by procedural delays in Indonesia. Nalco expects to maintain a 2:1 debt to equity ratio for the project.
Source: DNA India (By Shubhashish)
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Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points.
According to Vistaar Shipping of S ...
Saturday, 20 November 10
ITALIAN STEAM COAL MARKET HAS RECOVERED - ITALIAN COAL ASSOCIATION
Press Release - This year Italy will import 17 million tons of steam coal, up 3% from 2009, and 5.5 million tons of coking coal and PCI, up 37% over ...
Friday, 19 November 10
WE'LL THINK ABOUT COAL TOMORROW - ANALYSIS
The future of coal generation in Russia is in question. The largest energy companies have abandoned their initial plans to switch their therma ...
Friday, 19 November 10
DRY BULK MARKET ON THE ROPES WITH BDI PLUNGING TO 2,164 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of fall ...
Thursday, 18 November 10
WORLD COAL ASSOCIATION WELCOMES NEW CHAIRMAN & SHENHUA GROUP AS NEW MEMBER 17 NOVEMBER 2010
Press Release – The premier global coal industry association marks its 25th anniversary with a new Chairman and welcomes China’s lar ...
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- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- The University of Queensland
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- PTC India Limited - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
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