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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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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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- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
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