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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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Wednesday, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
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- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Posco Energy - South Korea
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
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