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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, 06 June 09
COAL PRICE HIT RECORD ON STRONG CHINA DEMAND - INVESTMENT WATCH
Investment watch reported that, “Coal price hit a new high of over $72 a tonne at Australia’s Newcastle Port, a benchmark for Asia, spur ...
Friday, 05 June 09
CEMENT INDUSTRY NEEDS POLICY ON FLY ASH
H.M. Bangur, President of Cement Manufacturers' Association, on the objectives and economic impact of the proposed national policy on utilisation o ...
Thursday, 04 June 09
PAKISTAN TO IMPORT MORE COAL FROM INDONESIA - SEATRADE
COALspot.com (Pakistan): Richards bay to Pakistan sea freight has touched US$ 20.00 for 40,000/10 pct steam size in June 2009. South African c ...
Thursday, 04 June 09
CHINA'S SHANXI PROVINCE CONSIDERS COAL FUTURES BOURSE - MINE WEB
Mine Web reported that, China hopes to establish a coal futures exchange to obtain more rights on international pricing.
China's largest coal pr ...
Thursday, 04 June 09
CHINA QINHUANGDAO COAL STOCK JUMPS BY 36.2% MOM - STEELGURU
SteelGuru reported that, Sources indicated that, coal stock at Qinhuangdao port, China's major coal port has reached 4.88 million tonnes increasing ...
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- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
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