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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, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- The University of Queensland
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
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