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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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Sunday, 13 December 20
LONGSTANDING DOWNSIDE RISKS TO TRADE OUTLOOK - BALTIC EXCHANGE
The OECD has attempted to put a positive spin on the trade message emanating from its latest economic outlook, released last week.
The ...
Sunday, 13 December 20
INDONESIA COAL OUTPUT AT 514 MILLION TONNES THIS YEAR, 2021 TARGET UNCHANGED - REUTERS
Indonesia coal output in the period to Dec. 10 stood at 514.2 million tonnes, official data from the energy ministry’s website showed.
&n ...
Thursday, 10 December 20
MALAYSIA'S CIMB ANNOUNCES COAL FINANCING PHASE-OUT BY 2040 AS ASIA'S FOSSIL FUEL DIVESTMENT DRIVE ACCELERATES - IEEFA
The first emerging markets bank to announce a progressive coal exit policy
Malaysia’s CIMB Group Holdings (CIMB) has announced ...
Wednesday, 09 December 20
MARKET INSIGHT - INTERMODAL
Heading towards the end of a difficult year and with the entire planet under the shadow of the covid-19 virus, it is interesting to proceed with a ...
Tuesday, 08 December 20
MARKET ANALYSIS - ALLIED SHIPPING
It is now undisputed that oil consumption for 2020 will post a considerable drop, as demand for several petroleum products has plummeted since the ...
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- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
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