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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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Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
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- Krishnapatnam Port Company Ltd. - India
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- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- PTC India Limited - India
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
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- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
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- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
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- Ministry of Mines - Canada
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- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
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- SMG Consultants - Indonesia
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- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
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- Kalimantan Lumbung Energi - Indonesia
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- Attock Cement Pakistan Limited
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- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
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- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- The University of Queensland
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
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