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Sunday, 15 November 09
NALCO SHELVES SA PROJECT- PUTS IRAN PROJECT ON HOLD
 The Economic Times reported that, In a twin decision on its global operations involving about Rs 27,000-crore (US$ 5.847billions) investment, the state-owned aluminium major Nalco has shelved its proposed project in South Africa, and has put on hold the one in Iran.
Nalco had planned a Rs 17,000-crore (US$ 3.681 billions) project in South Africa to set up a 5-lakh (0.5 million) tonne aluminium smelter plant and a 1,250-MW power plant. However, both these projects have been abandoned now as the company has found that there is no sufficient coal in the offered reserves to feed the ventures, Nalco Director Finance B L Bagra told PTI.
"We could not get coal resource as required to run the captive power plant which was to feed the smelter project. The authorities there had offered some blocks, but it was not sufficient to meet our requirement," Bagra explained.
The Nalco official has also informed that the company has put on hold the Rs 10,000-crore (US$ 2.165 billions) Iranian project, which involved setting up a 3.3-lakh (0.33 million) tonne aluminium smelter plant and an 800-MW power station, as the company has so far been unable to tie up funds for the project.
"In Iran, we are still not able to tie up funds for the project. The project, thus, is currently on hold," Bagra said, adding, however, that the company is still in the process of securing finances for the project. But did not name the prospective lenders with whom the firm is in talks.
Meanwhile, Nalco said it is going ahead with its Rs 17,000 (US$ 3.681 billions) - project in Indonesia to set up 5-lakh (0.5 million) tonne aluminium smelter and 1,250-MW power plant. (1 USD = 46.1800 INR)
Source: The Economic Times
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Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
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- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- MS Steel International - UAE
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- White Energy Company Limited
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
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