We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia.
KEPCO signed a 400 million Austra ...
Tuesday, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 20 ...
Saturday, 03 July 10
THE FREIGHT MARKET CONTINUES TO BE UNCERTAIN - CAPT. REDDY
COALspot.com: The market continues to soften and the most affect sector was Panamax which was down by almost 20 pct and closed at 2447 points. The C ...
Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA
India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Cle ...
Friday, 02 July 10
DRY BULK MARKET ON A FREEFALL, REACHING ITS LOWEST IN 9 MONTHS
The Baltic Dry Index is off to break more negative records this week, as the dry bulk shipping industry’s main benchmark has failed to find ro ...
|
|
|
Showing 5741 to 5745 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
|
| |
| |
|
