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Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
 The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central Vigilance Commission seeking to know whether government norms were violated or tender conditions changed to tailor the deal to suit two private firms, top government sources said.
During UPA-1, it was decided that MMTC will import 12.5 million tonnes of coal for state-run generation utility NTPC. The import was to make up the shortfall in domestic supplies and help ramp up electricity generation. Accordingly, MMTC floated the tender on May 19 this year and gave 15 days for bidders to submit their quotes.
Three bidders are in fray after one firm was disqualified in the absence of earnest money deposit. While MMTC is yet to open the price bids, CVC has asked MMTC's chief vigilance officer to examine whether government procedures had been violated. The directive came after fingers were pointed at MMTC for the number of changes that were affected after the tender was floated.
TOI has tender documents and the amendments which show tender norms were changed thrice. This, complaint letters sent to CVC allege, was done to remove competition and ensure that only certain firms would fit the bill. Separate RTI documents also suggest that the same firm had been the lone qualified bidder in coal tenders floated by State Trading Corporation, another commerce ministry firm.
The documents also suggest that MMTC ignored facts which would have otherwise disqualified the two firms. It appears the aim was to restrict the order among the two firms since CVC norms allow splitting import orders between the lowest and second-lowest bidder -- who has to match the lowest price -- in the ratio of 60:40.
The documents also point out other lapses. For example, a bidder had to give a self-declaration that it had no cases pending nor was blacklisted over coal supplies. Surprisingly, the sources said this firm was facing as many as 13 suits. Besides, the tender norms also bar proxy bidding, or bidding by companies that have relationship with another bidder. Among the bidders is a joint venture of another competitor.
Source: Times of India (http://timesofindia.indiatimes.com/India/Rs-6000cr-MMTC-coal-import-plan-under-cloud/articleshow/4693998.cms)
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Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand ma ...
Wednesday, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...
Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...
Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country.
India's leading e-commerce company Mjunction Services Ltd will ...
Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...
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- Orica Mining Services - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
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- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
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- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
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- Maheswari Brothers Coal Limited - India
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- Orica Australia Pty. Ltd.
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- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
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- PowerSource Philippines DevCo
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- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
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- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
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- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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