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Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
 Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003,197) aluminium-cum-power project in Indonesia, work on which is likely to begin by June.
The company has already selected the UAE-based RAK Minerals as JV partner to set 0.5 million tonne (MT) aluminium smelter and 1,250 MW captive thermal power plant in East Kalimantan, Indonesia, part of its ongoing Rs 58,000 crore (US$ 12,737,454,747) capacity expansion plan.
"Five firms has shown interest to supply coal to our proposed aluminium-cum-power project in East Kalimantan, Indonesia. We have shortlisted Muara Enim and Bumi Muara Prasada and asked for commercial bids," NALCO Director Finance B L Bagra told PTI.
Detailed commercial proposals would be submitted by both the firms by February next year, based on which NALCO enters into a pact with one of the firms for supply of about 10 million tonne per annum (MTPA) of thermal grade coal, half of which would be utilised for the project, he said.
The five firms, which have responded to the Expression of Interest (EoI) bid floated by NALCO included MEC Middle East, Pram Dwi Jaya Muara Enim and Bumi Muara Prasada.
While the firm intends to import about 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 needs 8-10 MTPA of thermal grade coal, 4-5 MTPA of which is for its East Kalimantan project and rest for its energy requirement elsewhere.
The company had invited EoI bid from competent miners or concession holders having resources of more than 500 MT in East Kalimantan province in Indonesia in close proximity to seaport, fresh water source and other infrastructure facilities, for coal supply.
The company has already selected Ras-al Khaimah Minerals as one of the joint venture partners for the aluminium-cum -power project, while others would be finalised soon.
JV agreements are likely to be finalised in six months and the company hopes to start work on the projects by June 2011.
Apart from Ras-al Khaimah Minerals an Indonesian state -owned mining firm too has evinced interest in the project, which will have debt equity ratio of 70:30.
NALCO's investment would be 15 per cent of the total project cost, while the JV partners would fund 15 per cent and the remaining 70 per cent would come through loans. 1 USD = 45.5350 INR (source - www.xe.com)
Source: Business-Standard
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Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct.
The BDI and Cape Size index was down ...
Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 poi ...
Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...
Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
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- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
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