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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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- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Deloitte Consulting - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
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- PowerSource Philippines DevCo
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- Australian Coal Association
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- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
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- Ceylon Electricity Board - Sri Lanka
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- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
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