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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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- VISA Power Limited - India
- MS Steel International - UAE
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
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