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.
|
|
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
|
|
|
Showing 6681 to 6685 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Planning Commission, India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
|
| |
| |
|
