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Monday, 10 August 09
POLICY HURDLES DELAY NALCO'S U$$ 4.166 BILLION OVERSEAS PROJECTS
 National Aluminium Company Ltd's (NALCO) greenfield projects in overseas markets like Indonesia and Iran are in limbo because of political
and policy hurdles in those countries.
The policies of the Indonesian government and a volatile political situation in Iran are keeping the aluminium major from setting up its plants entailing an estimated investment of over Rs 20,000 crore (about US$ 4.166 Billion) , NALCO CMD C R Pradhan told PTI during his recent visit to Kolkata.
Though, the Indonesian law does not allow foreign companies to have a stake in mineral exploration, the NALCO project would be developed in a joint venture with a local partner who will have the control of the rights of coal and bauxite mines, he said.
The company would go ahead with the project, which would require at least Rs 10,000 crore (US$ 2.083 Billion) investment each, only after there is assurance of the right of some control on the minerals, Pradhan said.
The navratna company would be the majority shareholder and will control the management of the projects, Pradhan said.
Last year, NALCO had inked an agreement with the government of Indonesia for setting up a 5-lakh-tonne aluminium smelter and a 1,250 MW captive power unit at an investment of about Rs 17,000 crore (US$ 3.541 Billion).
In Iran, NALCO has plans to set up a 3.30-lakh (0.33 million) tonne smelter in a joint venture with the Iranian firm ALPHA at an investment of Rs 10,000 crore. But, the company seeks a better political climate before it submits the project plan to the Iranian government for approval.
It also plans to set up an aluminium smelter in South Africa, but the project is in nascent stage.
NALCO was aiming to ramp up its production capacity to 2.10 lakh tonnes (0.21 million) per annum for the current fiscal. In 2010-11, the capacity would be scaled up to 2.60 lakh (0.26 million) tonnes.
Pradhan was also expecting aluminium prices to stabilise at Rs 1,800-2,000 (US$ 37.5 - 41.67) a tonne which, he said, would offer the company a comfortable margin as its break-even price was below Rs 1,400 (US$ 29.16) a tonne. (1 US$ = Rs. 48)
Source: Ecomic Times
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Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
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- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
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- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
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- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
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- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Indian Oil Corporation Limited
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- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Australian Coal Association
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
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- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
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