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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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Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
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- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
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