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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, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
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- VISA Power Limited - India
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- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
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- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
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- Agrawal Coal Company - India
- Edison Trading Spa - Italy
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- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- PTC India Limited - India
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- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
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- Siam City Cement PLC, Thailand
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- Singapore Mercantile Exchange
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- SMG Consultants - Indonesia
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- Anglo American - United Kingdom
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- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
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- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
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- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
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- Kaltim Prima Coal - Indonesia
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- Global Business Power Corporation, Philippines
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- Indian Energy Exchange, India
- Energy Development Corp, Philippines
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- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Aditya Birla Group - India
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- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
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- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
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