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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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Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
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- Madhucon Powers Ltd - India
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- Bulk Trading Sa - Switzerland
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- Eastern Coal Council - USA
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- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
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- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
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- Krishnapatnam Port Company Ltd. - India
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- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
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- South Luzon Thermal Energy Corporation
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- The State Trading Corporation of India Ltd
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- Electricity Authority, New Zealand
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- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- VISA Power Limited - India
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- Kalimantan Lumbung Energi - Indonesia
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- MS Steel International - UAE
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- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
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- Global Coal Blending Company Limited - Australia
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- Jaiprakash Power Ventures ltd
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- Rio Tinto Coal - Australia
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- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
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- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
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- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
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- ICICI Bank Limited - India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
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- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
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- Posco Energy - South Korea
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- Wilmar Investment Holdings
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- Siam City Cement - Thailand
- Bhushan Steel Limited - India
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- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
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- Australian Coal Association
- Anglo American - United Kingdom
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- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
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- Electricity Generating Authority of Thailand
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- Formosa Plastics Group - Taiwan
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
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- White Energy Company Limited
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