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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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Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Ye ...
Tuesday, 14 December 10
COAL IMPORTS MAY INCREASE 78% TO CHINA, INDIA: ENERGY MARKETS - BUSINESS WEEK
Business Week reported that, China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up pri ...
Tuesday, 14 December 10
BANPU PLANNING PRODUCTION BOOM - BANGKOK POST
Australian, Indonesian output to lead growth
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, wants to nearly double its coal ...
Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY
COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points and closed at 2,694 poi ...
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- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- The University of Queensland
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
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