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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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Wednesday, 02 December 20
MARKET INSIGHT - INTERMODAL
It has been another busy week in the dry bulk secondhand market; a healthy number of sales reported predominantly from Japanese owners while owner& ...
Thursday, 26 November 20
DECLINE IN COAL EXPORTS ADDS TO NAVAJO-OWNED COMPANY'S PROBLEMS - IEEFA U.S.
Weak demand and low prices are likely creating steep losses for NTEC
U.S. coal exports to Asia—once heralded as the saving gra ...
Thursday, 26 November 20
COAL FINANCING QUICKLY DRYING UP WORLDWIDE - ANALYSTS : REUTERS
Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping ...
Wednesday, 25 November 20
LIBOR REPLACEMENT AND SHIP FINANCE - WHERE IS IT HEADING? - WFW
The likely replacement of the LIBOR at the end of 2021 creates difficult technical and practical issues for all sectors of business and finance. Th ...
Wednesday, 25 November 20
DRY BULK SHIPPING: CHINA REMAINS THE DRIVING FACTOR, BUT COAL POLICY IS DISRUPTING THE MARKET - PETER SAND, BIMCO
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-e ...
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- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Australian Coal Association
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Planning Commission, India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- White Energy Company Limited
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
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