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Monday, 20 January 20
INDIA TO STOP SUBSTITUTABLE COAL IMPORT; CAN GO FOR AUCTION OF 100 FULLY EXPLORED NEW BLOCKS: JOSHI - PTI
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act 1957 and Coal Mines (Special Provisions) Act 2015.
Union minister Pralhad Joshi on Sunday said the Centre will stop the "substitutable import" of coal in the next three to four years and can go for auction of 100 fully explored blocks. The statement assumes significance in view of recent developments in the sector where the government recently brought an ordinance to amend laws to open up coal mining to firms other than those in the steel and power sectors, removing restrictions on end-use of the fuel.
Terming the promulgation of the ordinance as "one of the major reforms", the coal minister in an interview to said that "whatever the substitutable shortfall is there...we want to achieve it in the coming three-four years. That may be around 2023-24. We want to stop the substitutable import of the coal".
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act 1957 and Coal Mines (Special Provisions) Act 2015.
"In between also there were some other problems. CMSP Act, end-user restriction. So many things were there. All these things we have removed now," the minister explained.
Stating that promulgation of the Ordinance has been welcomed by the sector, he said the government is seeking comments on draft rules for coal mines auction which is in the public domain.
"Now question is about framing rules and that we have kept it in public domain...We want to make it investor friendly... After this formation of rules and after all these things, we want to market in a such way in the world that now things have become easy...you come and do the business," the minister added.
"I can say today as on date around 100 new greenfield blocks fully explored coal blocks are with us. Fully explored blocks 100 greenfield blocks are with us now. That we can go for auction immediately," the minister said adding that the sale of the blocks will be in a phased manner.
When asked about the number of blocks that would go under the hammer in the first phase, he said, "That I can't say right now as that is yet to be discussed, deliberated."
According to industry thinkers, the recent move in the coal sector is likely to create an efficient energy market and bring in more competition as well as reduce coal imports.
However, the move will put an end to Coal India's monopoly in the sector.
Allaying the fears in this regard, the minister said, "We are pushing and trying to strengthen Coal India so that they achieve their target (one billion tonnes) by 2023-24...We want that Coal India should do its job, do its job well...Remaining whatever is the gap of 400-500 million tonnes that will be taken care of by private people."
Coal India accounts for over 80 per cent of domestic coal output.
India imported 235.2 million tonnes of coal in 2018-19 valued at Rs 1.7 lakh crore, Joshi had earlier said.
Source: PTI
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Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
Tuesday, 03 March 20
COAL'S SHARE OF CHINA ENERGY MIX FALLS IN 2019 BUT CONSUMPTION STILL RISING - REUTERS
Coal accounted for 57.7% of China’s primary energy consumption in 2019, the National Bureau of Statistics said on Friday, down 1.5 percentage ...
Monday, 02 March 20
SHIPOWNERS AND OPERATORS COULD FACE DETENTION OF SHIPS FROM 1ST MARCH UNDER IMO RULE - ICS
Port state control authorities will begin to enforce the IMO’s Sulphur 2020 from 1st March, making it an offense for ships to carry fuel that ...
Saturday, 29 February 20
SUPRAMAX SENTIMENT WAS UP IN A FEW KEY AREAS OVER THE LAST WEEK - BALTIC BRIEFING
Capesize
The Capesize market woes related to Coronavirus have now spread through the wider global markets like wildfire. The wider supply and d ...
Thursday, 27 February 20
FOREIGN COMPANIES LIKELY TO SKIP COMMERCIAL COAL BLOCK AUCTIONS - ECONOMIC TIMES
The Centre is in the process of inviting global players for commercial mining, following 100% foreign direct investment in the sector. However, giv ...
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- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Central Electricity Authority - India
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Planning Commission, India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- VISA Power Limited - India
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- The University of Queensland
- Electricity Authority, New Zealand
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
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