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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, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- The University of Queensland
- PTC India Limited - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Planning Commission, India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
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