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Tuesday, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
 * KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's state-run MMTC may re-issue a tender for 12.5 million tonnes of thermal coal after a complaint from a trader, MMTC Chairman Sanjiv Bhatra said on Tuesday.
"We are waiting for a response from the Commerce Ministry before we decide what to do. It's following complaints by a trader who made an offer into the tender but was disqualified," Bhatra told Reuters.
Indian trading company Knowledge Infrastructure Systems (KIS) has demanded an investigation into MMTC's coal procurement processes by India's Central Bureau of Investigation (CBI), KIS Chairman Rahul Bhandare said.
KIS has written to the CBI, to the Commerce Ministry and to the Prime Minister's office, he said.
In common with other traders, KIS argues that current terms for tenders by MMTC are restrictive and disadvantage smaller companies or those that do not have foreign partners. "I wrote to the prime minister and others. There was no level playing field and they had to take cognisance of it. We decided to take a moral stand on this issue," he said.
"They (MMTC) will have to do the tender again with more transparency and fairness," he added.
MMTC is India's state-run trading house responsible for buying commodities on behalf of other state entities. MMTC's Bhatra said the company simply imposed the rules of the buyers that it represents.
MMTC buys coal on behalf of state utilities including the largest, state-run National Thermal Power Corp. The tender, which closed on June 4, was issued on behalf of NTPC.
Any delays to coal procurement will exacerbate India's shortage of fuel for power generation, Bhatra said. "Stocks at the power plants are critically low. Coal is needed urgently." During the past four years almost all of MMTC's coal tenders have been awarded to traders Adani, a subsidiary of the Adani Group, rival Indian trading companies said.
Four trading companies offered into the disputed tender and three met the terms, including Adani, Bhatra said. KIS did not qualify, he said.
Bhandare denied KIS had been disqualified.
Adani was not immediately available for comment.
MORE NEEDED, TRADERS SAY
Some of MMTC's rules have been relaxed to encourage broader participation but more needs to be done, Indian traders said.
"When they re-tender with the new rules which are expected, this will open the doors," said one Indian trader who declined to be identified.
Saurabh Kirpal, a barrister representing KIS, said some clauses are particularly restrictive. "Given the nature and structure of the coal supply business in India, these clauses restrict competition only to Adani," he said.
For example, bidders must pay an Earnest Money Deposit of 2 percent of contract value if they have supplied over 10 million tonnes of coal in a year and 8 percent of value if they have supplied over 2 million tonnes.
"This makes bidding non-viable for smaller bidders. There is no discernible rationale for such a clause," Kirpal said.
Bidders must also have supplied over 2 million tonnes of coal to India.
Another clause of the tender states that MMTC will only pay a foreign principal for imported coal, requiring Indian bidders to have a joint venture in place.
Clarifications on these points were issued on May 30 just days ahead of the offer deadline of June 4, Kirpal said.
Other Indian traders who wanted to offer expressed frustration at the lack of time to make necessary arrangements for payment and what they saw as a sudden and unexpected change to the tender terms which prevented them from offering.
"These clauses were already in the terms of the tender. Nothing new was added, we merely issued clarification on request," MMTC's Bhatra said.
Source: Alibaba
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Tuesday, 07 July 09
ECONOMIC SURVEY 2008-09 OPEN UP COAL TO FUEL POWER PLANTS
TOI reported that the coal ministry's efforts at opening doors for full private entry through open bidding in coal mining got a boost, with the Eco ...
Tuesday, 07 July 09
POWER - STATION COAL MAY RISE ON CHINA DEMAND, SUPPLIES, UBS SAYS
Power-station coal prices in Asia may increase in 2010 because of higher demand from China, the second-largest energy-consuming nation, and supply c ...
Saturday, 04 July 09
FREIGHT FUTURE FOR 3 YEARS UNTIL 2012 WAS FAIRLY SOFT AROUND PANAMAX / US$ 16,000, SUPRAMAX / US$ 13,000 PER DAY
COALspot.com (Singapore): According to Vistaar shipping, an experinced ship operator in Singapore, the freight market was soft with bit nervousness ...
Saturday, 04 July 09
CHINA BUYS 17% OF MINER TECK RESOURCES FOR $1.5 BILLION
* To sell 17.2 percent stake to China Investment Corp
* To raise proceeds of C$1.74 bln
* Shares rise 3.2 percent (Adds details. In U.S. dol ...
Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...
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- Gujarat Electricity Regulatory Commission - India
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- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Economic Council, Georgia
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
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- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
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- Australian Commodity Traders Exchange
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- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
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- Bhoruka Overseas - Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
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- OPG Power Generation Pvt Ltd - India
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- MS Steel International - UAE
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- Kumho Petrochemical, South Korea
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- Kaltim Prima Coal - Indonesia
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- Karaikal Port Pvt Ltd - India
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- Metalloyd Limited - United Kingdom
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- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Indika Energy - Indonesia
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- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
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- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
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- Latin American Coal - Colombia
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- Sarangani Energy Corporation, Philippines
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- White Energy Company Limited
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- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
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- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
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- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
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- Heidelberg Cement - Germany
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- Energy Development Corp, Philippines
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