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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, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...
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- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
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- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
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- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
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- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
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- Standard Chartered Bank - UAE
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
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- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
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- Baramulti Group, Indonesia
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- Banpu Public Company Limited - Thailand
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- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
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