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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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Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
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- Electricity Generating Authority of Thailand
- Australian Coal Association
- Planning Commission, India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
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