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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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Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
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- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- CNBM International Corporation - China
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
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