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Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
 Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
Now coal miners are beginning to move to pick up stakes in power plants for better returns on the raw material they produce.
Minerals Energy Commodities (MEC), a 50:50 joint venture between Indian industrial minerals producer Trimex Group and the UAE Government-owned RAK Minerals and Metals, which is setting up a coal project in Indonesia, is close to firming up deals with private mega-power projects in India involving swapping coal for equity.
MEC has been talking with some of the major players in the power sector, including Tata Power, JSW Energy and Reliance Power, to push through its business model involving trading of coal in exchange for equity in the power projects.
“There has been a very encouraging response from the power projects in India. We will be concluding such coal-equity swap deals with three major power projects that are in the construction phase. We hope to make an announcement in the next couple of months,” Mr Madhu Koneru, Executive Vice-Chairman of MEC Holdings, told Business Line.
While most major players in the power sector such as Tata Power, JSW and Reliance, are in the process of acquiring coal assets abroad, this will be the first time they will sell equity in exchange for coal.
“This is a win-win situation for both. While we will get better returns on the coal we produce if we have equity in power projects, and power producers can benefit from assured raw material supplies,” Mr Koneru said.
Indonesia project
MEC is setting up a 30-million-tonne coal mining project in Indonesia at a cost of $2 billion, which is expected to start production from 2012.
The joint venture company has decided to earmark half of this production to supply to power projects in India through the equity-coal swap deal, with the rest to be sold in the open market.
“The 15 mt of coal will be sufficient to feed power plants with a total capacity of 4-5,000 MW. We will thus be signing this deal with three power projects with capacity of over 1,000 MW each,” he said.
The deals had taken some time for finalisation as MEC had to do elaborate due diligence to finalise the quantum of equity to compensate for the quantum of coal to be supplied.
What actually yielded encouraging response from the power players is that MEC is willing to supply the coal at production rates, ranging from $30-$35 a tonne, which is lower than the market price.
Source: blonnet
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Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
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- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- The University of Queensland
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
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