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Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
 Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 billion USD (Rs 18,000 crore) aluminium-cum-power plant complex in that country.
The four firms, which have responded to the Expression of Interest (EoI) bid floated by Nalco last month, are MEC Middle East, Bumi Resources, Energy Indonesia and Pram Dwi Jaya.
"We will go for technical evaluation of the bids before short-listing firms for invitation of commercial bid", BL Bagra, director (finance), Nalco told Business Standard. The process will take about a month, he added.
Nalco proposed to set up a 0.5 million MT aluminium smelter and 1250 MW coal based thermal captive power plant in East Kalimantan province in Indonesia. While the company intends to import approx. one million tonne of alumina annually from its facilities in India to feed the aluminium smelter, the coal for the captive power plant will be procured locally.
Nalco needed 8 - 10 million tonnes per annum of thermal grade coal, 4-5 MTPA of which was for its East Kalimantan project and the rest for its energy requirement elsewhere.
Hence, the company invited EoI bid from competent miners or concession holders for coal reserves in East Kalimantan province in Indonesia having coal mines in close proximity to seaport, fresh water source and other infrastructure facilities.
Nalco would be an equity partner in the coal mining operation, Bagra said, adding, after the scrutiny of technical and financial bids, talks will be held with the selected party in this regard. But the extent of shareholding will depend on the total volume of production from the mine, volume required by Nalco and the valuation of the asset.
The finalization of the JV partner will be followed up with preparation of detailed project report (DPR) for the venture. The JV agreement is a pre-curser to DPR as this will provide a clear picture on the cost to be borne towards procurement of coal and transportation.
With the debt equity ratio of the Rs 18,000 crore-project being pegged at 70: 30 and Nalco intent on having at least 50 per cent stake in it, the equity exposure of the company is estimated at around Rs 2,700 crore.
After the JV agreement and finalization of DPR, the company will seek the approval of its board and the government for equity investment and approach foreign financial institutions for financing the project. The debt component at Rs 12,400 crore being a sizeable amount, the company will seek international consortium financing, Bagra said.
Source: Sify
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Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
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- Intertek Mineral Services - Indonesia
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- Ministry of Mines - Canada
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- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
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- VISA Power Limited - India
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- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
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- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- Dalmia Cement Bharat India
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- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
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- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
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- Standard Chartered Bank - UAE
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- Directorate Of Revenue Intelligence - India
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- Anglo American - United Kingdom
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- Indian Energy Exchange, India
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- White Energy Company Limited
- McConnell Dowell - Australia
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- Marubeni Corporation - India
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- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
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- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
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- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
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- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
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