Détails
Chine (Rép. pop) Biens d'équipement
Biens d'équipement

Hindustan Copper courts Nalco to form JV for funding mining projects

alt
Hindustan Copper Limited (HCL) held talks for a possible joint venture with aluminium major Nalco as part of the company's effort to explore alternative options to fund new mining projects. With the company's proposed follow on public offer (FPO) getting delayed, this is one of the options other than raising production, a joint venture with Nalco and external commercial borrowings.
"The timing of the FPO will be decided by the department of disinvestment. We are using the delay in the FPO to explore other means of raising finance. The need for FPO proceeds to fund our projects has also gone down with increase in our internal production," Shakeel Ahmed , CMD of HCL said.
HCL's expansion plan is focused on raising its mining output four-fold to 12 million tonne from its current level of 3.6 million tonne. With LME copper prices ruling at firm levels of $9100 per tonne, the company says it is confident of generating funds from internal sources in the next two years but will face a funds gap in 2013.
"We will able to meet our expansion needs in the current year 2011-12 and the next year (2012-13). However, we will face a fund shortfall of Rs 207 crore in 2013 and we are exploring ways to meet this gap," Ahmed said.
discussions with Nalco for a joint venture. How-ever, this will take time and we will proceed after all the necessary due diligence is done," Ahmed added.
Ahmed added. If HCL decides to tie the knot with Nalco, the JV will mainly be responsible for developing the lucrative Malanjkhand copper mines in MP.
Localisation : SHICHEN ROAD, 300400 AITANTI,
Personne à contacter : tw aluminum, +15 0 22 12 77 19

Bonne affaire : acheter au vendeur

Consultez notre guide pour effectuer une transaction en toute sécurité ! En aucun cas Algomtl ne peut être tenu responsable des annonces publiées. Seule la responsabilité du vendeur ou de l'acheteur en cas de litige est engagée.
Nous vous invitons à lire nos conditions générales d'utilisations. Vous pouvez aussi vous rendre sur nos FAQ et consulter notre page d'informations sur les risques liés à la contrefaçon.
Cette page concerne les importateurs et exportateurs de
Hindustan Copper courts Nalco to form JV for funding mining projects

Rechercher dans la catégorie : Biens d'équipement
Rechercher dans la catégorie :
copper, nalco, form, hindustan, courts, funding, mining
France - Réunion 322000 Matières premières
Brooch

Saturday 19 August 2023

A brooch is a decorative piece of jewelry that is typically pinned to clothing. It can come in a variety of shapes and styles, from simple and understated to ornate and elaborate. Brooches can be made from various materials, including metals, gemstones, and beads, and are often worn...

YIWU DOLPHIN NETWORK LTD.

  • 322000 - Yiwu
  • 0579 85668453
Hong Kong 999077 Pro / B2B
Wheel Brake Cylinder

Friday 01 December 2023

The wheel master cylinder is a component in drum brake systems that converts hydraulic pressure into mechanical force to engage the brake shoes against the brake drum. It plays a vital role in slowing down or stopping the vehicle by creating friction between the brake shoes and the drum...

Qllino Automotive Industrial Limited

  • 999077 - Lockhart RD
  • 86 571 82789568
Egypte 0000 Pro / B2B
AMANA PLAST COMPANY for printing and packing industries on Plastic

Tuesday 14 November 2017

Nous sommes AMANA PLAST COMPANY, une société opérant dans le secteur des industries de l'impression et de l'emballage, Créé en 1985, Leader du marché dans le domaine de fabrication de solutions d'emballage flexibles. La société a évolué au fil des années pour renforcer son statut...

Amana Plast

  • 0000 - Cairo
  • 00201063958183