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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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- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Australian Coal Association
- VISA Power Limited - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- The University of Queensland
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
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