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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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Monday, 13 September 10
FREIGHT MARKETS MAY BE A BIT SOFT THIS WEEK - VISTAAR SINGAPORE
COALspot.com: The freight market continued its upward trend with the BDI almost touching 3000 points. However the uncertainty seems to continue with ...
Friday, 10 September 10
INDONESIAN RAILWAY CONTRACT STILL UP FOR BIDDING - LOGISTICS WEEK
The tender process for a $2.2bn project to build a coal-transporting railway line in Central Kalimantan province, Indonesia, is still underway and n ...
Friday, 10 September 10
WCI INTO CHINA WITH IRON ORE ARE AIMING AROUND $ 20K - FEARNBULK
Handy
The rates are firm in every corner of the world. However it still looks Atlantic/Baltic/Black Sea offer better employment opportunities for ...
Thursday, 09 September 10
INDIANS BALCO TO BUY 50 K OF 3,000 TO 4,500 GAR CALORIFIC VALUE COAL
COALspot.com: Bharat Aluminium Company Limited (BALCO) is a subsidiary of Sterlite Industries (India) Limited and part of Vedanta Resources PLC, a L ...
Thursday, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
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- Xindia Steels Limited - India
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- Goldman Sachs - Singapore
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- Electricity Authority, New Zealand
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- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
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- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
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- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
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- Mjunction Services Limited - India
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- Edison Trading Spa - Italy
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- The University of Queensland
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- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
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- Coalindo Energy - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
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- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
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- New Zealand Coal & Carbon
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- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
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- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
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- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
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- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
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- Economic Council, Georgia
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- Straits Asia Resources Limited - Singapore
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- Independent Power Producers Association of India
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- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indo Tambangraya Megah - Indonesia
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- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
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- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
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- Chamber of Mines of South Africa
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- CNBM International Corporation - China
- Coal and Oil Company - UAE
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- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
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- Energy Development Corp, Philippines
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- Ministry of Transport, Egypt
- Indian Energy Exchange, India
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- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
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