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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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Saturday, 24 July 10
INDONESIAS BUKIT ASAM H1 2010, SALES RAISED 10% TO 6.44 MILLION TONS
COALspot.com: PT Tambang Batubara Bukit Asam (PTBA), Indonesian state owned mining company’s H1 2010, sales raised 10% to 6.44 million tons. T ...
Saturday, 24 July 10
INDONESIAN COAL MINERS ARE REQUIRED TO SUPPLY 64.96 MLN TONS OF COAL TO DOMESTIC MARKET IN 2010
COALspot.com : Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree related to Domestic market obligation (DMO) for ...
Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, ...
Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it ...
Friday, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to K ...
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- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Planning Commission, India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Minerals Council of Australia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
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