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Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
 Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter session of parliament, Coal Minister Sriprakash Jaiswal said here Sunday.
The bill will help in reforming the coal and mining sector by allowing transparency in competitive allocation of coal blocks to benefit consuming industries like power and steel, he added.
Currently, coal blocks are allotted for captive use by public and private companies.
The bill will facilitate appointment of a coal regulator for faster allotment of blocks and help rope in more private investment in the sector, the minister said.
The country’s biggest coal miner, Coal India, has proven reserves of 106 billion tonnes, and has already handed over 208 blocks to various companies for captive mining.
It has now identified another 216 coal blocks, out of which it proposes to retain 138 and auction the rest. Coal India will also participate in the auction.
In his address at the “National Seminar on Coal: Partnership for Growth,” Jaiswal said coal production was 493 million tonnes, as against a demand of 555 million tonnes, leading to a shortage of 11 percent that is met through imports.
By the end of the 11th Plan period that ends 2012, the target was to raise coal production to 680 million tonnes, and to a billion tonnes in the next six-seven years.
“The industry needs to grow at nine percent every year to reach this target. And this is a challenging task,” the minister said.
“Production should increase from 0.5 tonnes to 0.7 tonnes per man year in underground mines and from 15 tonnes to 30 tonnes per man year in open cast mines,” he said.
Stressing on the deregulation and further opening up of the sector, Jaiswal said participation of both the public and private sectors were needed to infuse $8-10 billion over the next five to six years for development and upgrade of coal mines.
Coal India chairman Partha Bhattacharyya said the demand for coal has gone up due to the government’s target of massive capacity addition in the power sector.
“Thus, we need greater growth in coal output. But this phase of high growth may taper off once the power capacity addition drops,” he said.
Bhattacharyya said Coal India wished to leverage its strength and build strategic partnerships with overseas companied to import coal at cheaper rates.
“Our talks with global players suggested it is possible to get coal at sustainable prices. We should be able to see something concrete in a year’s time,” he said.
The company has also decided to raise the washing capacity for non-coking coal, which now stands at 150 million tonnes per annum in the country.
“Within the next five years, all non-coking coal will be supplied only after washing. For achieving this objective, Coal India will construct washing capacity and set up 19 coal washeries at different locations. All future major projects will have coal washery as an integral part,” he added.
Source: Thaindian News
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Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
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- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
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