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