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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 tonne aluminium smelter in that country. If this is true, then what happened to its deal with MEC Coal, Indonesia?,DNA India reported.
DNA further said in it report, In April this year, Madhu Koneru, executive vice-chairman, MEC Coal, had told DNA that the company has signed a deal with Nalco to supplying 6 million tonne of unwashed coal for Nalco’s 5 lakh tonne aluminium smelter and 1,250 mw power plant. However, with the new advertisement by Nalco, MEC’s role in the project stands on a shaky ground.
In an e-mailed reply, MEC Coal told DNA, “Our agreement with Nalco still stands. Nalco, as a government organisation, is following the proper procedure for large investments and optimisation of infrastructure and resources is being assessed.”
When asked about supplying coal to Nalco’s Indonesian smelter, MEC said, “Yes, MEC plans to supply Nalco with 6 million tonne of coal.”
BL Bagra, director (finance), Nalco, however, has a different story to tell. He said that Nalco has no contract with MEC for coal supplies. “We had a MoU with RAK Minerals and Metals Investments (RMMI), the parent company of MEC Coal. The MoU was for a joint venture for the smelter and power plant. As part of the MoU, the company has an option of picking up 26% stake in the smelter and power plant but nothing was finalised on the coal supply front.” Bagra also said that the MoU nowhere stated that MEC had the right to coal linkages and was signed exclusively for a joint venture in the smelter and power plant.
He said that as a procedural requirement, Nalco had invited all coal miners to bid and MEC continues to be a potential JV partner and bidder for coal supplies. “It will take us 4 years to build the smelter and power plant and we are looking for companies which could build rail, port and other infrastructure by the time our project comes up,” Bagra said.
“MEC is very confident that they will meet all our requirements but we are expecting at least 8-9 companies to take part in the bidding.”
Nalco plans to spend $4 billion on the aluminium smelter and power plant in Indonesia. The firm had signed a Memorandum of Association with the Indonesian government for the smelter in 2008.
The project was supposed to come onstream this year. However, it was marred by procedural delays in Indonesia. Nalco expects to maintain a 2:1 debt to equity ratio for the project.
Source: DNA India (By Shubhashish)
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Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
- The University of Queensland
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
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