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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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Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...
Saturday, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
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- Petron Corporation, Philippines
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Parliament of New Zealand
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Australian Coal Association
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
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