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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, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
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- Bhatia International Limited - India
- Anglo American - United Kingdom
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- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
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- The University of Queensland
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- Economic Council, Georgia
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- Bayan Resources Tbk. - Indonesia
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- Deloitte Consulting - India
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- Energy Development Corp, Philippines
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- Ministry of Mines - Canada
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- Australian Coal Association
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
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- Coalindo Energy - Indonesia
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- Orica Australia Pty. Ltd.
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- Samtan Co., Ltd - South Korea
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- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
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- Tamil Nadu electricity Board
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- Electricity Authority, New Zealand
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
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- San Jose City I Power Corp, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Parliament of New Zealand
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- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
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- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- PTC India Limited - India
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- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Transport, Egypt
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- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- The Treasury - Australian Government
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- White Energy Company Limited
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- Sojitz Corporation - Japan
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- Minerals Council of Australia
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- Holcim Trading Pte Ltd - Singapore
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- Madhucon Powers Ltd - India
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- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
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- IHS Mccloskey Coal Group - USA
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