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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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Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chin ...
Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
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- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
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