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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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Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal becaus ...
Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
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- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Planning Commission, India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
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