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Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
 Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry has demanded that the government abolish the custom duty of 5 per cent in the coming Budget on imports of the mineral.
In a note to the government on February 11 last, the power ministry pointed out that coal-starved power plants are increasingly securing thermal coal from abroad, the imports of which has shot up to 23.2 million tonnes (MT) in 2009-10 against 16 MT in 2008-09. It argued that with domestic coal in short supply, the utilities have sustained a whooping generation loss of 5.3 billion units in 2010-11 (April-December).
“The problem is likely to aggravate from 2011-12 in view of inadequate availability of coal from Coal India Limited (CIL) and limitations in blending beyond 10-15 per cent of the total consumption. CIL officials have told the Plan Panel in a meeting on January 27 last that of the total demand of 480 MT in 2011-12, they can only supply 319 MT. This further compounds our problem,” the ministry contended.
Arguing that imports were indispensable for firing the turbines ceaselessly, the power ministry asked the government to provide cushion to the utilities by doing away with the 5 per cent duty on coal imports.
“As imports of coal is necessitated mainly due to inadequate availability of coal from domestic sources and it has huge financial impacts on Discoms and consumers, it is recommended that the custom duty on import of coal may be done away with immediately,” the ministry said in the note.
According to the ministry, coal imports have been steadily going up. The domestic utilities imported 4.5 MT in 2004-05, 10 MT during 2005-06, 16 MT in 2008-09 before touching 23.2 MT in 2009-10. Maintaining that supply from CIL and other domestic sources could fire power turbines of up to 3,000 MW only, the power ministry warned that “new capacity of about 20,000 MW is likely to be grounded for want of domestic coal.”
Irrespective of the fact that most of the coal-based generation projects under construction during 11th and 12th Plan periods have either been accorded linkages or coal blocks, but the inadequacy of domestic coal was assuming serious proportions, which would available assets stranded for want of coal.
Source: Indian Express (By: Priyadarshi Siddhanta)
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Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...
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- Posco Energy - South Korea
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- PowerSource Philippines DevCo
- Marubeni Corporation - India
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- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
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- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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- Global Coal Blending Company Limited - Australia
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- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- White Energy Company Limited
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
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- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
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- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- The University of Queensland
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
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- Bayan Resources Tbk. - Indonesia
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- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
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- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
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- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Bhatia International Limited - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Merrill Lynch Commodities Europe
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- Kepco SPC Power Corporation, Philippines
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- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
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- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
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- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
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- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
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