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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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Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
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- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
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