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