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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, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
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- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
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