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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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Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
Wednesday, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
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- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Australian Coal Association
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
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