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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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Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
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- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- White Energy Company Limited
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
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