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Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
 Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium project in Indonesia in lieu of acquiring equity in coal mines in the island country.
"We are open to selling stake in the aluminium project to the firm, which offers us its coal mines. In return, we will acquire stake in the coal mine offered to us," Nalco Director Finance B L Bagra told PTI.
Nalco holds 76 per cent stake in the Indonesian project, while RAK Minerals & Metals Investments, a unit of RAK Investment Authority, holds 24 per cent.
"We will always maintain majority stake in the project," he added. The project comprises setting up of a five-lakh -tonne smelter and an integrated 1,250 MW power plant in Indonesia.
The company will import required alumina to run the smelter from its India operations. The company is looking for captive coal block to run the plant and had yesterday invited companies interested in selling coal mines.
Nalco is looking for a coal mine with an estimated reserves of 500 million tonnes and an annual production capacity of 10 million tonnes starting from 2014 for running the project.
There are about 200 coal mines in East Kalimantan province, where the project is proposed, Bagra said.
"Last day for submitting offers to our Expression of Interest is September 30, 2010. We plan to launch financial bids in October-November," he said.
Asked if Nalco's JV partner RAK Minerals could be a possible partner for coal supply to the project, Bagra said, "They are already developing coal deposits there. They can also submit proposal to us. At present, they are our potential partner in the aluminium project."
As per the agreement with Rak Minerals, the UAE-based company will set up infrastructure like railway and port in the island country to cater to the project.
The project was facing regulatory delays and was shifted from earlier proposed site in South Sumatra to East Kalimantan.
Source: Business-Standard
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Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
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- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Planning Commission, India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
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