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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, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
Saturday, 26 June 10
MONGOLIA COAL RAILWAY TO LINK WITH RUSSIA - BUSINESS WEEK
Business Week reported that, Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the sout ...
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- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- The University of Queensland
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Planning Commission, India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
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