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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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- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Australian Coal Association
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Ambuja Cements Ltd - India
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