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Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
 Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003,197) aluminium-cum-power project in Indonesia, work on which is likely to begin by June.
The company has already selected the UAE-based RAK Minerals as JV partner to set 0.5 million tonne (MT) aluminium smelter and 1,250 MW captive thermal power plant in East Kalimantan, Indonesia, part of its ongoing Rs 58,000 crore (US$ 12,737,454,747) capacity expansion plan.
"Five firms has shown interest to supply coal to our proposed aluminium-cum-power project in East Kalimantan, Indonesia. We have shortlisted Muara Enim and Bumi Muara Prasada and asked for commercial bids," NALCO Director Finance B L Bagra told PTI.
Detailed commercial proposals would be submitted by both the firms by February next year, based on which NALCO enters into a pact with one of the firms for supply of about 10 million tonne per annum (MTPA) of thermal grade coal, half of which would be utilised for the project, he said.
The five firms, which have responded to the Expression of Interest (EoI) bid floated by NALCO included MEC Middle East, Pram Dwi Jaya Muara Enim and Bumi Muara Prasada.
While the firm intends to import about one million tonne of alumina annually from its facilities in India to feed the aluminium smelter, the coal for the captive power plant will be procured locally.
NALCO needs 8-10 MTPA of thermal grade coal, 4-5 MTPA of which is for its East Kalimantan project and rest for its energy requirement elsewhere.
The company had invited EoI bid from competent miners or concession holders having resources of more than 500 MT in East Kalimantan province in Indonesia in close proximity to seaport, fresh water source and other infrastructure facilities, for coal supply.
The company has already selected Ras-al Khaimah Minerals as one of the joint venture partners for the aluminium-cum -power project, while others would be finalised soon.
JV agreements are likely to be finalised in six months and the company hopes to start work on the projects by June 2011.
Apart from Ras-al Khaimah Minerals 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. 1 USD = 45.5350 INR (source - www.xe.com)
Source: Business-Standard
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Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
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 ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- The University of Queensland
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
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