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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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- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
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