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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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Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
Thursday, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- The University of Queensland
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
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