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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-$35 a tonne, which is lower than the market price.
Source: blonnet
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Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
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- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- London Commodity Brokers - England
- White Energy Company Limited
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
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