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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, 26 July 10
CEMENT MAKERS EXPLORE NEW FUELS TO REPLACE COAL - ECONOMIC TIMES
Economic Times reported that, As the cement industry reels under high raw material costs and reduced coal linkages, companies are exploring alternat ...
Saturday, 24 July 10
INDONESIAS BUKIT ASAM H1 2010, SALES RAISED 10% TO 6.44 MILLION TONS
COALspot.com: PT Tambang Batubara Bukit Asam (PTBA), Indonesian state owned mining company’s H1 2010, sales raised 10% to 6.44 million tons. T ...
Saturday, 24 July 10
INDONESIAN COAL MINERS ARE REQUIRED TO SUPPLY 64.96 MLN TONS OF COAL TO DOMESTIC MARKET IN 2010
COALspot.com : Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree related to Domestic market obligation (DMO) for ...
Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, ...
Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it ...
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- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Parliament of New Zealand
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
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