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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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Thursday, 17 June 10
COAL EXPLORATION & DEVELOPMENTS HOTPOTS CONFERENCE
Press Release: The Coal Exploration and Developments Hotspots conference will bring together a panel of more than 20 of the world’s lead ...
Thursday, 17 June 10
AUSTRALIA'S LEIGHTON WINS $1.3 BILLION OF NEW WORK - THE JAKARTA POST
Australian construction and contract mining group Leighton Holdings Ltd. said Thursday it has won 1.5 billion Australian dollars ($1.3 billion) of n ...
Wednesday, 16 June 10
INDONESIAS STATE OWNED ELECTRICITY COMPANY WILL CONSUME 95.30 MILLION TONS OF COAL IN 2014
COALspot.com: Indonesia's state owned electricity company forecasted its coal requirement in 2014 would be around 95 million tons. ...
Wednesday, 16 June 10
MADHYA PRADESH GOVT IMPORT 50K METRIC TONNES OF COAL FROM INDONESIA - DNA INDIA
DNA India reported that, the Madhya Pradesh government has imported 50,000 metric tonnes of coal from Indonesia to deal with its shortage which is a ...
Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
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- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
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- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- CNBM International Corporation - China
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- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
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- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Planning Commission, India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
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