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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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Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
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- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
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