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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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Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
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- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- The University of Queensland
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Australian Coal Association
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Planning Commission, India
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