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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, 23 January 20
AFRICAN POWER PLATFORM PUBLISHES REPORTS ON POWER SECTOR FRAMEWORK FOR SELECTED AFRICAN COUNTRIES
Press Release: African Power Platform publishes Reports on Power Sector Framework for selected African Countries
With the repo ...
Thursday, 23 January 20
COAL-BASED ELECTRICITY GENERATION SURGES 95% IN 2019 - PROFIT PAKISTAN TODAY
Coal-based power generation jumped 94.5 percent to 2,030 Gigawatt hours (GWh) in the year to November 2019, taking its share in the country’s ...
Wednesday, 22 January 20
INDIA: COAL PRODUCTION FROM CAPTIVE MINES RAISES 24% OUTPUT IN APRIL TO DECEMBER - FINANCIAL EXPRESS
Coal production from captive mines in the first nine months of the ongoing financial year was up 24% year-on-year (y-o-y) at 40.93 million tonne (M ...
Wednesday, 22 January 20
SHIPPING MARKET INSIGHT - INTERMODAL
It seems that we are finally seeing whitish smoke as far as the trade feud between the US and China is concerned, while following this much anticip ...
Tuesday, 21 January 20
IRON ORE - 5 THINGS TO WATCH IN 2020 - WOOD MACKENZIE
Wood Mackenzie identifies five trends that will impact the iron ore industry.
Slower demand growth (especially in China) and a decen ...
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- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
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