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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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Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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