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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, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
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Showing 5716 to 5720 news of total 6871 |
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- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Siam City Cement - Thailand
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Economic Council, Georgia
- Lanco Infratech Ltd - India
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