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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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Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Bhatia International Limited - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- The University of Queensland
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
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