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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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Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
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- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
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- VISA Power Limited - India
- Eastern Energy - Thailand
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- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
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- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
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- Heidelberg Cement - Germany
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- Wilmar Investment Holdings
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- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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- ICICI Bank Limited - India
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- LBH Netherlands Bv - Netherlands
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- Electricity Authority, New Zealand
- Xindia Steels Limited - India
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- Jorong Barutama Greston.PT - Indonesia
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- Simpson Spence & Young - Indonesia
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- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
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- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
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- Parry Sugars Refinery, India
- Romanian Commodities Exchange
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- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
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- Australian Commodity Traders Exchange
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- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
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- Parliament of New Zealand
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- IEA Clean Coal Centre - UK
- The University of Queensland
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- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
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- Aditya Birla Group - India
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- Indonesian Coal Mining Association
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- Planning Commission, India
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- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
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