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Friday, 21 February 20
INDIA: POTENTIAL INVESTORS SEEK MORE CLARITY ON COMMERCIAL COAL MINING NORMS - FINANCIAL EXPRESS
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. In three separate meetings with Union coal ministry officials, some industry personnel also pointed out that the efficiency parameters specified by the government’s discussion paper on the subject are too stringent and the coal ministry must relax the operational timelines proposed in it.
Few private firm representatives demanded that the offered mines should come up with “pre-embedded” clearances to reduce the time required for starting production. The industry pointed out that the paper was silent on infrastructure for coal evacuation and sought the Indian Railways’ inputs on the subject.
After the early January Cabinet decision to remove end-use restrictions on miners in the sector that virtually abolished the concept of captive coal mining, the Union coal ministry had floated a discussion paper which said that the ministry is developing a ‘National Coal Index’ to fix the price of coal for commercial mining, which would include a weighted combination of monthly prices of coal in various channels of transaction. Stakeholders sought more clarity on the pricing mechanism and said that the methodology should be transparent and should be put up in the public domain. Some of them also said that the floor price bench-marked for the auctions — 4% of the revenue share and increment in multiples of 1% — is too high and should be reconsidered.
As reported by FE earlier, the Cabinet decision dismantling the end use curbs could prompt foreign coal companies and also local power and steel companies to take part in the auctions to be held to re-allocate the captive blocks cancelled by the Supreme Court in 2014. So far, only 96 of the 204 blocks cancelled by the apex court have been re-allocated — including 60 assigned to PSUs on a nomination basis and 36 auctioned off — and just 29 of them are operational.
While steel and power firms have interest in coal mining as it gels well with their businesses if unhindered open market sales of surplus coal is allowed, they have been largely shying away from the auctions held so far — even 25% open-market sales allowed in February 2019 was not enough to kindle their interest in these coal blocks.
The Cabinet, via an amendment to the MMDR Act, also extended the policy of composite mining licence, now in force for unexplored blocks of most non-coal minerals, to the coal sector as well, adding to certainty of tenure from the prospecting to the production stages. A section of the industry demanded that the coal ministry must reimburse the exploration costs to the companies for unviable mines.
Other demands include incentives on cleaner mining technology such as coal gasification, liquefaction and coal bed methane and permission to use associated minerals like shale, sandstone and fireclay for ancillary activities. There was also requests for more coal blocks in Odisha. Companies which participated in the stakeholder meetings held in New Delhi, Mumbai and Kolkata include JSW Energy, Tata Power, Adani Enterprises, CESC, JSPL and Reliance Power.
Source: Financial Express
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Friday, 06 March 20
COLOMBIAN COAL OUTPUT FELL 2% IN 2019 - REUTERS
Coal production in Colombia, the fifth-largest coal exporter in the world, fell 2% to 82.2 million tonnes in 2019 after output at one of the princi ...
Friday, 06 March 20
SOLID BACKING FOR LNG AS A MARINE FUEL - BALTIC EXCHANGE
When it comes to choosing the best fuel on the near horizon to help the international shipping industry shrink its carbon intensity by 2050, DNV GL ...
Friday, 06 March 20
INDONESIA COAL PRICE REFERENCE UP AGAIN THIS MONTH
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Thursday, 05 March 20
PANAMAX: SHIP-OWNERS HAVE MOSTLY BEEN GETTING HIGHER RATES THAN THE LAST DONE - FEARNLEYS
Cape
There is still limited amount of positive news around, with the effects of Corona virus hurting world economy. However, overall average in ...
Thursday, 05 March 20
COAL IMPORTS DOWN IN MAJOR ASIAN MARKETS, AND CORONAVIRUS NOT THE DRIVING FORCE - CLYDE RUSSELL
Asia’s seaborne coal markets stumbled in February and it appears the coronavirus outbreak in China may dodge most of the blame, with the weak ...
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- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- White Energy Company Limited
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
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- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- The University of Queensland
- Medco Energi Mining Internasional
- Australian Coal Association
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
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