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