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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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Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
Friday, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
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- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- VISA Power Limited - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
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