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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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Tuesday, 25 August 09
COAL OUTPUT TO RISE IN H2 BUT EXPORTS TO GO FLAT
The leading english news paper in Indonesia reported that, It is estimated coal production will rise by 5.7 percent in the second semester from a ye ...
Tuesday, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bhar ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
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- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Planning Commission, India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
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