We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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-$35 a tonne, which is lower than the market price.
Source: blonnet
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
|
|
|
Showing 6526 to 6530 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- PTC India Limited - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- The University of Queensland
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
|
| |
| |
|
