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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, 01 April 09
COAL FIRMS' PROFITS NOT EXPECTED TO GROW IN '09 - - THE JAKARTA POST (ANALYSTS)
Despite their windfall profits in 2008, analysts doubt that PT Bumi Resources Tbk or any other coal firms will post profit growth this year, with pr ...
Tuesday, 31 March 09
DEUTSCHE BANK TO ADD COAL, GAS, SHIPPING IN COMMODITY EXPANSION - BLOOMBERG
Deutsche Bank AG, after quadrupling revenue from commodities in two years, plans to add coal, European natural-gas and shipping to its business, ant ...
Monday, 30 March 09
CHINA SHENHUA SAYS AGREES DOMESTIC COAL DEALS - REUTERS
Chinese coal mining giant China Shenhua Energy Co has agreed long-term contracts with some Chinese power producers, its President Ling Wen said on M ...
Sunday, 29 March 09
SHENHUA ENERGY 2008 NET RISES 29% TO RECORD ON PRICES - BLOOMBERG
China Shenhua Energy Co Ltd., the nation’s biggest coal producer, said profit rose 29 percent to a record in 2008 after it increased productio ...
Friday, 27 March 09
SOUTH AFRICAN COAL EXPORTS EXPECTED TO RISE IN 2009, BUT RAIL WILL DETERMINE BY HOW MUCH - MININGWEEKLY
South Africa has an expanding coal-export terminal, but an uncertain rail capacity.
The mismatch is something South Africa cannot afford, given i ...
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- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
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