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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, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
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- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- The University of Queensland
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
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