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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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Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
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- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Australian Coal Association
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Wilmar Investment Holdings
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
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