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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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Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
Monday, 16 November 09
141 VESSELS ARE EXPECTED TO LOAD 8.833 MILLION TONS OF INDONESIAN COAL BEFORE 30 NOVEMBER 2009
COALspot.com (Indonesia): 141 vessels are expected to load or sail with 8.833 million tons of Indonesian coal before 30 November 2009.
A source f ...
Saturday, 14 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 19,000 / 20,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR SINGAPORE
COALspot.com (Singaproe): BDI continues to rally crossing the 4,000 mark. The BDI increased this week by 718 points up by 21 pct and closed at 4,111 ...
Saturday, 14 November 09
CHINA HAS BEEN THE LARGEST SINGLE BUYER OF INDONESIAN COAL IN OCTOBER, TAKING 24.37% OF TOTAL EXPORT QUANTITY OF 22.637 MILLION TONS
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in October 2009, taking 24.37% of total export quantity o ...
Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
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- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- The University of Queensland
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
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