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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, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
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- The Treasury - Australian Government
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- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
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- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
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- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
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- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
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- Commonwealth Bank - Australia
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- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
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- Chamber of Mines of South Africa
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
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- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- The University of Queensland
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- Georgia Ports Authority, United States
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
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- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
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- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
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- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
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- MS Steel International - UAE
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Marubeni Corporation - India
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- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
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- Economic Council, Georgia
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- Africa Commodities Group - South Africa
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- Lanco Infratech Ltd - India
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- Ministry of Finance - Indonesia
- Minerals Council of Australia
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- New Zealand Coal & Carbon
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- Bhatia International Limited - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
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- ICICI Bank Limited - India
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- Energy Link Ltd, New Zealand
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- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
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- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
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- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
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- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
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- Alfred C Toepfer International GmbH - Germany
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