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Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, Coal Minister Sriprakash Jaiswal said Monday.
“We are strongly considering to allow commercial coal mining by private firms,” Jaiswal told reporters here.
Currently, the government allows only state-run firms such as Coal India Ltd to mine for commercial use, while private companies are allowed to mine only for captive consumption.
Officials said letting private firms to mine coal would boost India’s coal output and reduce dependence on imports.
India produces over 450 million tonnes of coal annually.
Former power secretary V.S. Sampath had said in March that the country would have to import 35 million tonnes of coal in 2009-10 to run its power utilities.
The government is expected to spell out reforms in the mining sector in the 2009-10 budget, slated to be presented July 6 in the Lok Sabha.
President Pratibha Patil during her address to a joint session of parliament June 9 had indicated reforms in the sector.
The coal ministry is likely to introduce the Coal Nationalisation (Amendment) Bill, 2000, in the coming budget session, which would allow private companies to participate in the mining.
The bill was earlier introduced in parliament during the National Democratic Alliance (NDA) government’s tenure.
The government will likely seek an amendment to the bill to permit competitive bidding of captive coal blocks. This proposal has already been cleared by the cabinet.
Source: World Latest News
(http://www.worldlatestnews.com/business-news/government-may-allow-private-companies-to-mine-coal)
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Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...
Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
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- Meenaskhi Energy Private Limited - India
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- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Australian Coal Association
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- CNBM International Corporation - China
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- SMC Global Power, Philippines
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- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
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- New Zealand Coal & Carbon
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- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
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- Manunggal Multi Energi - Indonesia
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- Power Finance Corporation Ltd., India
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- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
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- Romanian Commodities Exchange
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- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
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- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
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- Merrill Lynch Commodities Europe
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- Wood Mackenzie - Singapore
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- Orica Australia Pty. Ltd.
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- Parliament of New Zealand
- Mercator Lines Limited - India
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- CIMB Investment Bank - Malaysia
- White Energy Company Limited
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- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
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- Pipit Mutiara Jaya. PT, Indonesia
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- Singapore Mercantile Exchange
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- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
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- IEA Clean Coal Centre - UK
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