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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, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- The University of Queensland
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Planning Commission, India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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