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Monday, 10 August 09
POLICY HURDLES DELAY NALCO'S U$$ 4.166 BILLION OVERSEAS PROJECTS
 National Aluminium Company Ltd's (NALCO) greenfield projects in overseas markets like Indonesia and Iran are in limbo because of political
and policy hurdles in those countries.
The policies of the Indonesian government and a volatile political situation in Iran are keeping the aluminium major from setting up its plants entailing an estimated investment of over Rs 20,000 crore (about US$ 4.166 Billion) , NALCO CMD C R Pradhan told PTI during his recent visit to Kolkata.
Though, the Indonesian law does not allow foreign companies to have a stake in mineral exploration, the NALCO project would be developed in a joint venture with a local partner who will have the control of the rights of coal and bauxite mines, he said.
The company would go ahead with the project, which would require at least Rs 10,000 crore (US$ 2.083 Billion) investment each, only after there is assurance of the right of some control on the minerals, Pradhan said.
The navratna company would be the majority shareholder and will control the management of the projects, Pradhan said.
Last year, NALCO had inked an agreement with the government of Indonesia for setting up a 5-lakh-tonne aluminium smelter and a 1,250 MW captive power unit at an investment of about Rs 17,000 crore (US$ 3.541 Billion).
In Iran, NALCO has plans to set up a 3.30-lakh (0.33 million) tonne smelter in a joint venture with the Iranian firm ALPHA at an investment of Rs 10,000 crore. But, the company seeks a better political climate before it submits the project plan to the Iranian government for approval.
It also plans to set up an aluminium smelter in South Africa, but the project is in nascent stage.
NALCO was aiming to ramp up its production capacity to 2.10 lakh tonnes (0.21 million) per annum for the current fiscal. In 2010-11, the capacity would be scaled up to 2.60 lakh (0.26 million) tonnes.
Pradhan was also expecting aluminium prices to stabilise at Rs 1,800-2,000 (US$ 37.5 - 41.67) a tonne which, he said, would offer the company a comfortable margin as its break-even price was below Rs 1,400 (US$ 29.16) a tonne. (1 US$ = Rs. 48)
Source: Ecomic Times
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Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
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- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
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