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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, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest e ...
Thursday, 02 December 10
CIL INCHES CLOSER TO PEABODY STAKE DEAL - THE TELEGRAPH INDIA
The Telegraph India reported that, state-run Coal India Ltd (CIL) hopes to complete negotiations to buy over 10 per cent in Australian miner Peabody ...
Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the ...
Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling on ...
Sunday, 28 November 10
FREIGHT MARKET SEEMS TO BE NERVOUS - VISTAAR
COALspot.com - The freight market continued to remain uncertain even though only cape index was down by 8.31 pct.
Overall the market seems to be ...
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- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Indian Energy Exchange, India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
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