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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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Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
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- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- The University of Queensland
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
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