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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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Wednesday, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
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- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Parliament of New Zealand
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Australian Coal Association
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
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