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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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Tuesday, 22 December 20
SOUTHEAST ASIA'S COAL DEMAND IS SET TO EXPAND AFTER THE PANDEMIC-INDUCED HIATUS IN 2020 - IEA
Coal consumption in Southeast Asia has more than doubled in the last decade, with the largest growth in Indonesia and Viet Nam, followed by Malaysi ...
Tuesday, 22 December 20
COAL DEMAND IS RISING QUICKLY IN PAKISTAN AND MORE SLOWLY IN BANGLADESH - IEA
Pakistan had 150 MW of installed coal power capacity in 2015. Since 2017, in addition to a few small plants for industry, Pakistan has commissioned ...
Tuesday, 22 December 20
AFRICA PERSPECTIVE INDICATES NO MAJOR SHIFTS FOR COAL CONSUMPTION - IEA
Overall countries on the African continent consumed 197 Mt of coal in 2019, 12 Mt less (-6%) than 2018.
South Africa, the continent& ...
Monday, 21 December 20
COAL PRICES WITHSTAND DESPITE COVID-19 AND CHINESE IMPORT QUOTAS - IEA
Coal prices vary by region as well as by grade and quality. The price rebound starting in 2016 ended in 2018, moving in a downward trend in 2019. A ...
Monday, 21 December 20
COAL'S PARTIAL RECOVERY IS SET TO FADE AFTER 2021 - IEA
Global coal consumption is estimated to have fallen by 7%, or over 500 million tonnes, between 2018 in 2020. A decline of this size over a two-year ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
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