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Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
 Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 billion USD (Rs 18,000 crore) aluminium-cum-power plant complex in that country.
The four firms, which have responded to the Expression of Interest (EoI) bid floated by Nalco last month, are MEC Middle East, Bumi Resources, Energy Indonesia and Pram Dwi Jaya.
"We will go for technical evaluation of the bids before short-listing firms for invitation of commercial bid", BL Bagra, director (finance), Nalco told Business Standard. The process will take about a month, he added.
Nalco proposed to set up a 0.5 million MT aluminium smelter and 1250 MW coal based thermal captive power plant in East Kalimantan province in Indonesia. While the company intends to import approx. one million tonne of alumina annually from its facilities in India to feed the aluminium smelter, the coal for the captive power plant will be procured locally.
Nalco needed 8 - 10 million tonnes per annum of thermal grade coal, 4-5 MTPA of which was for its East Kalimantan project and the rest for its energy requirement elsewhere.
Hence, the company invited EoI bid from competent miners or concession holders for coal reserves in East Kalimantan province in Indonesia having coal mines in close proximity to seaport, fresh water source and other infrastructure facilities.
Nalco would be an equity partner in the coal mining operation, Bagra said, adding, after the scrutiny of technical and financial bids, talks will be held with the selected party in this regard. But the extent of shareholding will depend on the total volume of production from the mine, volume required by Nalco and the valuation of the asset.
The finalization of the JV partner will be followed up with preparation of detailed project report (DPR) for the venture. 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.
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.
Source: Sify
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Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
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- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
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