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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 encourage them to participate in the bidding process, sources said.
Given the international scenario, global mining companies are looking to gradually reduce their exposure and investments in the coal sector and this will have an impact on FDI in commercial mining, private companies’ officials said.
“If the government does not provide the level playing field to private sector firms for commercial mining, the interest among mining firms will not take-off as it was envisaged earlier,” an official of the country’s leading private sector conglomerate told PTI.
The opening up of commercial coal mining for private sector is the most ambitious reform since the nationalisation of this sector, ending the monopoly of state-owned Coal India Ltd (CIL).
Ministry of Coal is holding consultative meetings in various cities with the stakeholders to discuss the draft methodology as well as key bidding terms and conditions for auction of coal mines for commercial mining.
A closed-door consultative meeting on the proposed coal block auction for commercial mining was held in the city on Tuesday and some 15-20 representatives from mining companies and associations participated in it, sources said.
Many stakeholders stated that a “penalty clause” is a major deterrent and will “not encourage serious commercial miners to participate in the bidding process”.
Explaining about “level playing field”, the official of the private sector company said that there is “no penalty clause” in case of Coal India while they will have to bear a risk to pay, if production quantity is below a threshold level
“We have also sought clarification about computation of the penalty for production below 70 per cent of the targeted output in three years,” the official said.
Central Mine Planning & Design Institute Ltd chairman Shekar Saran said the government has relaxed several conditions to make bidding attractive.
“The Centre expects large participation in the auction process,” he said.
However, officials private sctor companies said several financial institutions and mining majors had either stated to exit coal business or given a roadmap to reduce their exposure toward the polluting sector.
Coal sector analysts claimed that after cancellation of allocations of captive coal mines by the Supreme Court, some 80 blcoks were auctioned and only 18 projects had taken off.
The government had said that the first round of auctioning of blocks for commercial mining is expected to be launched in the current fiscal.
There are about 80-100 coal blocks which are likely to be auctioned in multiple phases over the next few years.
Source: PTI
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Wednesday, 04 March 20
MARKET INSIGHT - INTERMODAL
As it was expected, the whole world has been focusing on the spread of the Coronavirus, with the fast outbreak being primarily a massive humanitari ...
Wednesday, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growt ...
Wednesday, 04 March 20
THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
Plato Investments managing director Don Hamson says Australian iron ore producers are set to benefit in the fallout from coronavirus as China will ...
Wednesday, 04 March 20
CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
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- Intertek Mineral Services - Indonesia
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- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
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- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
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- Central Electricity Authority - India
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- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
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- Economic Council, Georgia
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- Electricity Authority, New Zealand
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- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
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- Wood Mackenzie - Singapore
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- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
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- Neyveli Lignite Corporation Ltd, - India
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- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Thai Mozambique Logistica
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- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
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- Global Business Power Corporation, Philippines
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- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
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- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Minerals Council of Australia
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
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- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
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- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
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- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
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- Timah Investasi Mineral - Indoneisa
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
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- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
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- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
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