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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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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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- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- White Energy Company Limited
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Australian Coal Association
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
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