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