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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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Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia' ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
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