We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 27 July 10
DRY BULK SPOT CARGO DEMAND SHARPLY UP, TRIGGERING RISE IN RATES
Hot on the heels of the dry bulk market’s first weekly gain in almost two months, Monday began on a similar note, with the Baltic Dry Index (B ...
Tuesday, 27 July 10
KANGAROO RESOURCES INKS 297MT COAL RESOURCE FOR TANUR JAYA PROJECT
Kangaroo Resources has reported JORC Code compliant open cut Coal Resources totalling 297 million tonnes for the Tanur Jaya Coal Project in East Kal ...
Monday, 26 July 10
INDONESIAN COAL PRICE REFERENCE FOR JULY 2010 IS US$ 96.65 PER TON FOB VESSEL
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Monday, 26 July 10
BHATIA INTERNATIONAL, MIGHT GRAB THE MAJORITY OF COAL SUPPLY ORDER FROM MAHAGENCO
COALspot.com: Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, has received price bids from ...
Monday, 26 July 10
CEMENT MAKERS EXPLORE NEW FUELS TO REPLACE COAL - ECONOMIC TIMES
Economic Times reported that, As the cement industry reels under high raw material costs and reduced coal linkages, companies are exploring alternat ...
|
|
|
Showing 5696 to 5700 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Australian Coal Association
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
|
| |
| |
|
