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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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Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
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- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Marubeni Corporation - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
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