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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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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
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- Videocon Industries ltd - India
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- Economic Council, Georgia
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- Thiess Contractors Indonesia
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- Goldman Sachs - Singapore
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- European Bulk Services B.V. - Netherlands
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- Kohat Cement Company Ltd. - Pakistan
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- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
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- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
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- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
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- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Parliament of New Zealand
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- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
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- Sinarmas Energy and Mining - Indonesia
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- Samtan Co., Ltd - South Korea
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- Commonwealth Bank - Australia
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- Chamber of Mines of South Africa
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- South Luzon Thermal Energy Corporation
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- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
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- IEA Clean Coal Centre - UK
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- Billiton Holdings Pty Ltd - Australia
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- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
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- Semirara Mining Corp, Philippines
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