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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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- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Deloitte Consulting - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
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