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Sunday, 15 March 20
CAPTIVE COAL OUTPUT RISES 19% IN APRIL-FEBRUARY - FINANCIAL EXPRESS
Coal production from captive mines in the first eleven months of the ongoing fiscal have increased by 18.8% year-on-year (y-o-y) to 51.7 million tonne (MT) from the corresponding period in FY19. However, about 53% of the output came from coal blocks which were not cancelled by the Supreme Court in its September 2014 order.
The apex court had then cancelled 204 out of 218 captive coal block licences, saying that these had been allocated in an illegal and arbitrary manner. After the Supreme Court ruling, 36 coal mines has been auctioned so far. The Rajya Sabha on Thursday passed The Mineral Laws (Amendment) Bill, 2020, which removes end-use restrictions in coal blocks to be put up for auctions, essentially ending the practice of captive mining and allowing coal mine developers to sell the fuel to consumers in the open market.
The union government in January had issued the ordinance for the same, along with amendments to the MMDR Act 1957 and the CMSP Act 2015 have also been amended to allocate coal blocks for composite prospecting licence-cum-mining lease to make it more attractive for commercial mining.
The new edicts will come into force after the President’s assent and is seen to to put an end to the long-held monopoly of public-sector behemoth Coal India (CIL).
Production by CIL declined 1.9% annually to 517.8 million tonne (MT) in the first eleven months of FY20, mainly due to excessive rains hampering mining operations during the monsoons earlier this year. Law and order issues in some major mines and several employee union strikes after the Cabinet’s February 2019 decision to ease mining norms for private companies also hampered the world’s largest miner’s production.
The drop in CIL production in the fiscal would have been much lower had it not recorded a 14.2% annual rise in its February output. The coal production scenario has improved at least from the November, 2019 levels, when CIL output was lower by 7.8% year-on-year (y-o-y).
Source: Financial Express
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Saturday, 21 March 20
PANAMAX: 82,000DWT SHIP AGREED $4,250 FOR A COAL TRIP VIA INDONESIA REDELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize
The Capesize market made some headway this past week despite being buffeted by the global pandemic storm. With the market in a constan ...
Friday, 20 March 20
VOLATILITY TO INCREASE IN TANKER MARKET FOLLOWING OIL PRICE WAR - DREWRY
Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of ...
Friday, 20 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Friday, 20 March 20
OIL PRICES COULD FALL BELOW ZERO: ANALYST - FOX BUSINESS
Plunging oil prices could be headed a lot lower – possibly below zero, according to one Wall Street analyst.
West Texas Interm ...
Friday, 20 March 20
84% OF FEBRUARY BUNKER SALES IN SINGAPORE ARE LOW-SULPHUR FUELS - BIMCO
Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) ...
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- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
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