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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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Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
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- Kumho Petrochemical, South Korea
- The University of Queensland
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- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
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- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
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- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
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- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
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- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
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- Metalloyd Limited - United Kingdom
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- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
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- New Zealand Coal & Carbon
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- Sakthi Sugars Limited - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
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- PTC India Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
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- Meralco Power Generation, Philippines
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- Star Paper Mills Limited - India
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- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
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- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Posco Energy - South Korea
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
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- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
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- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Economic Council, Georgia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Bukit Makmur.PT - Indonesia
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- Tata Chemicals Ltd - India
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- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- VISA Power Limited - India
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- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Parliament of New Zealand
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- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
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- Kapuas Tunggal Persada - Indonesia
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