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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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Monday, 24 February 20
CHINA SAYS MAJOR COAL FIRMS RESTORE 95% OF PRODUCTION CAPACITY - REUTERS
China’s coal companies controlled by the central government have resumed operations and are back at more than 95% of their capacity, an offic ...
Sunday, 23 February 20
SHIPPING INDUSTRY FACES $370 MILLION HIT FROM NEW PANAMA CANAL CHARGE - REUTERS
A new “freshwater” charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up ...
Sunday, 23 February 20
A 57,000DWT SHIP FIXING DELIVERY SOUTH KALIMANTAN TRIP, REDELIVERY CJK, AT $7,600 - BALTIC BRIEFING
Capesize
The Capesize market found little to cheer about this week as it again endured remarkable lows. The Atlantic continued to improve, with ...
Saturday, 22 February 20
THE SURPRISING MOVE IN MARINE FUEL SPREADS - ING
Middle distillates tank
One of the biggest surprises since the implementation of new International Maritime Organization (IMO) sulphur regulati ...
Friday, 21 February 20
CAPE: AVERAGE NOMINAL DAILY EARNINGS STILL ADMITTEDLY UNCHANGED W-O-W AT BELOW US$3000 - FEARNLEYS
CAPE
The worst may just about be over for the big ships. Average nominal daily earnings still admittedly unchanged w-o-w at below US$3k, but sent ...
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- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Planning Commission, India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
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