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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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Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
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- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- VISA Power Limited - India
- White Energy Company Limited
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- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
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- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
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- MS Steel International - UAE
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- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
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- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
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- Pendopo Energi Batubara - Indonesia
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- Thiess Contractors Indonesia
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- CNBM International Corporation - China
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- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
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- Semirara Mining and Power Corporation, Philippines
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- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
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- Power Finance Corporation Ltd., India
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- Standard Chartered Bank - UAE
- Planning Commission, India
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- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
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- Merrill Lynch Commodities Europe
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- Eastern Coal Council - USA
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- Gujarat Sidhee Cement - India
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- Singapore Mercantile Exchange
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- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
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- Electricity Generating Authority of Thailand
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- IEA Clean Coal Centre - UK
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- New Zealand Coal & Carbon
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- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
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- Riau Bara Harum - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
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- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
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- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
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- Thai Mozambique Logistica
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- Parliament of New Zealand
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- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Minerals Council of Australia
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- Bukit Baiduri Energy - Indonesia
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- Deloitte Consulting - India
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
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- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
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