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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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Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
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- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- The University of Queensland
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
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