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Wednesday, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November 2020. Speaking at the event, Home Minister Amit Shah said the coal sector will be the largest contributor to India’s ambition of being a $5 trillion economy.
“The coal sector was non-transparent, complex and favoured a few corporates. But many small trading companies are now getting into coal mining, which was not possible six years back. India has one of the largest coal reserves and high demand but ironically still imports vast quantities. Reducing import dependence is crucial for our economy,” Shah said.
The Centre in 2020 opened the coal mining sector with private companies entering the arena of commercial mining and sale of coal–-47 years after coal mining was nationalised in India.
The Centre amended the Coal Mines (Special Provisions) Act, 2015, in May to open the coal auction for non-mining, MSMEs and foreign companies. The two-part auction concluded in November when companies submitted bids for 19 out of the total 38 coal blocks on offer.
Among the winning bidders were Adani Enterprises, Hindalco, Vedanta ltd, Essel Mining of the Aditya Birla Group, Jindal Steel & Power ltd, and several new and non-mining companies such as Aurobindo Realty, Yazdani International, JMS Mining, and Boulder Stone Mart.
Union minister for coal Pralhad Joshi said the energy aspirations of the nation cannot be crushed in the quest to follow the West. “We should make the maximum use of our coal reserves while shifting to cleaner forms of energy,” he said adding more mines will be offered under commercial mining during January.
The ministers also launched a ‘Single Window Clearance Portal’ for the companies that have won the coal mines. “In the absence of a unified platform for grant of clearances, the companies were required to approach different departments, leading to delay in operationalisation of coal mines. Now, the complete process shall be facilitated through Single Window Clearance Portal in a phased way,” Joshi said.
Currently, some 19 major approval or clearances are required before commencing the mining operations. These include approval of mining plan and mine closure plan, grant of mining lease, environment and forest clearances, wild life clearance, clearances related to safety, environment, rehabilitation of project affected families, welfare of workers etc. The Single Window Clearance Portal would facilitate these clearances.
The coal ministry said the mine-bearing states would garner a total revenue of Rs 6,656 crore annually (over the life of mine) from these mines.
Source: Business Standard
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Saturday, 26 June 21
KOSPO INVITED BIDS FOR 480,000 MT OF COAL PER ANNUM
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 480,000 MT of NCV 1 Min. 5,600 (Spec 1) /Min. 5,0 ...
Thursday, 24 June 21
FEBRUARY'S INCREASE IN COAL-FIRED ELECTRIC GENERATION REDUCED U.S. COAL STOCKPILES - EIA
Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in Feb ...
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong ma ...
Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.
Total global loadings in the 12 months of 2020 were down -12 ...
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...
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- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
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