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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, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Parliament of New Zealand
- The University of Queensland
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Planning Commission, India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- SMC Global Power, Philippines
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