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Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
 MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091) aluminium-cum-power project in Indonesia and is looking at commencing work on it by June 2011.
The company proposes to set up 0.5 million tonne per annum (MTPA) aluminium smelter and 1,250 MW captive thermal power plant in East Kalimantan, Indonesia, part of its ongoing Rs 58,000 crore (US$ 12,923,350,851) capacity expansion plan.
"We have selected Ras-al Khaimah Minerals as one of the JV partners for the project, while others would be finalised soon. NALCO will have majority stake in the JV," NALCO''s Director Finance B L Bagra told PTI.
JV agreements are likely to be finalised in six months and the company hopes to start work on the projects by June 2011, Bagra said.
He also said that an Indonesian state-owned mining firm too has evinced interest in the project, which will have debt equity ratio of 70:30.
NALCO''s investment would be 15 per cent of the total project cost, while the JV partners would fund 15 per cent and the remaining 70 per cent would come through loans.
NALCO, which is Asia''s largest integrated aluminium complex, encompassing bauxite mining, alumina refining and aluminium smelting had inked a pact with Government of South Sumatra, Indonesia for the projects in January 2008.
However, the project remained stuck following delays in development of port at Tanjung Api-api and railway line in South Sumatra.
Later, Indonesian Investment Coordination Board gave approval for alternative location of the project in East Kalimantan.
While the company intends to import about one million tonne of alumina annually from its facilities in India to feed the aluminium smelter, it will procure coal for the captive power plant locally, for which it has already invited bids from coal companies.
The company needs about 10 MTPA of thermal grade coal, half of which will be to feed its East Kalimantan project and the rest for its energy requirement elsewhere.
The government holds 87.15 per cent stake in the PSU, which is undertaking about Rs 58,000 crore (US$ 12,923,350,851) expansion project, which includes over Rs 16,000 crore (US$ 3,565,062,303) Orissa project for setting up a 5 MTPA smelter plant and 1,260 MW power plant.
It had a turnover of Rs 5,548 crore (US$ 1,236,185,353) in 2009-10, against Rs 5,631 crore (US$ 56,310,000,000) in the previous year. (1 USD = 44.8800 INR - www.xe.com)
Source: MSN
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Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
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- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Planning Commission, India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
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