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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, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- The University of Queensland
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Australian Coal Association
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
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