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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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Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- The University of Queensland
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- PTC India Limited - India
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
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