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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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Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- White Energy Company Limited
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
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