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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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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- The University of Queensland
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Planning Commission, India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- VISA Power Limited - India
- New Zealand Coal & Carbon
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