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.
|
|
Wednesday, 01 April 09
COAL FIRMS' PROFITS NOT EXPECTED TO GROW IN '09 - - THE JAKARTA POST (ANALYSTS)
Despite their windfall profits in 2008, analysts doubt that PT Bumi Resources Tbk or any other coal firms will post profit growth this year, with pr ...
Tuesday, 31 March 09
DEUTSCHE BANK TO ADD COAL, GAS, SHIPPING IN COMMODITY EXPANSION - BLOOMBERG
Deutsche Bank AG, after quadrupling revenue from commodities in two years, plans to add coal, European natural-gas and shipping to its business, ant ...
Monday, 30 March 09
CHINA SHENHUA SAYS AGREES DOMESTIC COAL DEALS - REUTERS
Chinese coal mining giant China Shenhua Energy Co has agreed long-term contracts with some Chinese power producers, its President Ling Wen said on M ...
Sunday, 29 March 09
SHENHUA ENERGY 2008 NET RISES 29% TO RECORD ON PRICES - BLOOMBERG
China Shenhua Energy Co Ltd., the nation’s biggest coal producer, said profit rose 29 percent to a record in 2008 after it increased productio ...
Friday, 27 March 09
SOUTH AFRICAN COAL EXPORTS EXPECTED TO RISE IN 2009, BUT RAIL WILL DETERMINE BY HOW MUCH - MININGWEEKLY
South Africa has an expanding coal-export terminal, but an uncertain rail capacity.
The mismatch is something South Africa cannot afford, given i ...
|
|
|
Showing 6821 to 6825 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- ASAPP Information Group - India
- Australian Coal Association
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
|
| |
| |
|
