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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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Thursday, 30 January 20
PRIVATE SECTOR COMPANIES SEEK 'LEVEL PLAYING FIELD' FOR COAL BLOCK AUCTION - PTI
Private sector companies scouting opportunities for commercial coal mining in the country are seeking a “level playing field” to encour ...
Thursday, 30 January 20
CAPE: WITH CHINESE NEW YEAR TAKING PLACE, THE RATES ARE REACHING FURTHER DISAPPOINTING LEVELS - FEARNLEYS
Cape
With Chinese New Year taking place, the rates are reaching further disappointing levels. Present TC average is below USD 4,500, off 24% fr ...
Wednesday, 29 January 20
INDONESIA REMAINS AT THE TOP SPOT IN 2019 AS THE LARGEST SUPPLIER OF COAL TO INDIA WITH 91.3 MLN TONNES - BANCHERO COSTA
Despite repeated promises from India’s government to reduce the country’s coal imports and increase domestic self-reliance, volumes jus ...
Wednesday, 29 January 20
MARKET INSIGHT - INTERMODAL
Last week Libya’s oil production operations were disrupted as it was reported that local Libyan tribes interrupted output at the the El Feel ...
Tuesday, 28 January 20
INDONESIA - UNCERTAINTY OVER AVAILABILITY OF LSFO - THE STANDARD CLUB
The club has received reports that low sulphur fuel is not currently readily available in all Indonesian ports and that there are local shortages.
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- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- The University of Queensland
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Planning Commission, India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- MS Steel International - UAE
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
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