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Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
 Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply gap in the sector considered crucial to India’s long-term energy security, according to an official in the coal ministry.
Currently, state-run firms such as Coal India enjoy absolute monopoly over coal mining and sale in the country. Private companies are allowed to mine only for captive consumption.
The Coal Nationalisation (Amendment) Bill, 2000, introduced in the Rajya Sabha by the NDA government to carry forward long-pending reforms in the sector, may now get a fresh lease of life, said the official who didn’t want to be named.
The Budget slated for next month is likely to lay out the government strategy. “President Pratibha Patil has already indicated that the government wants to carry forward reforms in the coal sector. Allowing the private sector in commercial coal mining is the only major reform initiative that remains to be completed. A Bill in this regard is pending and it could be revived after building necessary consensus,” the official said.
The move stands to benefit national and multinational companies such as BHP Billiton, Rio Tinto, Vale, Monnet Ispat, Gujarat NRE, the Tata Group and Jindals.
The official said the government will try to build political consensus on the matter before approaching Parliament. It will also bring employees’ unions of state-run coal companies on board.
Even earlier, there was a broad consensus in the UPA with Prime Minister Manmohan Singh too endorsing the opening of the coal sector to step up production. However, the reforms could not be carried out in the face of stiff opposition from trade unions and Left parties.
Getting private firms in coal mining is considered important to give a boost to India’s coal output and reduce dependence on imports by bridging the shortfall between demand and production. Additional coal output will also come in handy for a raft of new coal-based power projects being planned across the country.
India produces over 450 million tonnes of coal annually, almost 50 million tonnes less than what it consumes. In 8-10 years, coal production is slated to touch a billion tonnes but the demand-supply mismatch too will enlarge. Coal India is unlikely to meet the entire future requirement, so the government wants the private sector to step in to increase coal production at a much faster pace, the official said.
The government is also likely to carry forward an amendment in Parliament to permit competitive bidding of captive coal blocks. The Cabinet has already cleared this proposal. This amendment is expected to be the first phase of liberalising coal mining in the country. Allowing merchant sale of coal from captive blocks is also on the government’s radar till the sector is fully opened up.
Source:http://economictimes.indiatimes.com/News/News-By-Industry/Indl-Goods--Svs/Metals--Mining/Private-coal-miners-likely-to-land-commercial-licence/articleshow/4629194.cms
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Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
Monday, 17 August 09
COAL EXPORTS CONTINUE DESPITE SHORTAGE
Vietnam News reported that, Viet Nam is exporting more coal despite a warning from experts that the country could face a shortage of this fossil fue ...
Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T
* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month
Alibaba reorted that, South Kore ...
Monday, 17 August 09
COAL INDIA PLANS A PRICE HIKE OF 11%
With the state-run CIL mining 84% of the coal produced in the country, an 11% increase will push up inflation by around 0.16%, the company said
L ...
Monday, 17 August 09
BANPU SEES INDONESIAN MINE OUTPUT UP 10 PCT IN 2010
Reuters reported that, Thailand's top coal miner, Banpu, said on Monday it expected coal output from its Indonesian mines to rise 10 percent to abo ...
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- Electricity Generating Authority of Thailand
- Australian Coal Association
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- Indian Energy Exchange, India
- Petron Corporation, Philippines
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- White Energy Company Limited
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- Planning Commission, India
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- Standard Chartered Bank - UAE
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- Merrill Lynch Commodities Europe
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- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
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- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
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- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
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- Central Electricity Authority - India
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- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
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- Global Green Power PLC Corporation, Philippines
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- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- The Treasury - Australian Government
- Bangladesh Power Developement Board
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- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
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- Oldendorff Carriers - Singapore
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- GMR Energy Limited - India
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- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
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- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
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- South Luzon Thermal Energy Corporation
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- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
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- CNBM International Corporation - China
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- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
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- Metalloyd Limited - United Kingdom
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- Savvy Resources Ltd - HongKong
- The University of Queensland
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- Tamil Nadu electricity Board
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- Orica Australia Pty. Ltd.
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