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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, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
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- Planning Commission, India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- The University of Queensland
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- White Energy Company Limited
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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