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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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Monday, 30 December 19
AUSTRALIAN MINERS HIT BY LOWEST THERMAL COAL PRICE IN MORE THAN A DECADE - THE GUARDIAN
Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about i ...
Monday, 30 December 19
INDIA'S COAL IMPORTS RISE 4% TO 161.43 MT IN APRIL-NOVEMBER 2019 - PTI
The country’s coal imports registered an increase of 4.4 per cent to 161.43 million tonnes (MT) in the April-November period of the ongoing f ...
Sunday, 29 December 19
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Sunday, 29 December 19
IMO 2020 COMPLIANCE: IT'S UP TO US TO BE GOOD CITIZENS - IBIA
One of the concerns around implementation of the 0.50% sulphur limit has been, and continues to be, the need for effective enforcement to ensure a ...
Sunday, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...
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- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- VISA Power Limited - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
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