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Monday, 18 April 22
GOVT IN DISCUSSION WITH WORLD BANK ON FRAMEWORK FOR COAL MINE CLOSURE - BUSINESS STANDARD
The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday.
Coal Additional Secretary M Nagaraju said the government is committed to ensuring that mines are properly and scientifically closed for the benefit of the society.
“We are now actually collaborating with the World Bank to develop a coal mine closure framework,” Nagaraju said during a webinar.
Vast experience of the World Bank in handling mine closure cases in different countries will be highly beneficial and facilitate the adoption of the best practices and standards in handling mine closure cases.
The additional secretary also said both renewable energy (RE) and coal will go hand in hand complementing each other for some more time and then RE will take over the energy security of the country.
The ministry had earlier said it is in the process of finalising a robust mine closure framework on three major aspects – institutional governance; people and communities; and environmental reclamation and land re-purposing on the principles of just transition.
The ministry had earlier said that as of now, the Indian coal sector is doing its best to fulfill the country’s energy demand by augmenting coal production. At the same time, it is also taking various initiatives towards adopting the path of sustainable development with an emphasis on care for the environment and the host community.
However, the Indian coal sector, the ministry had said, is relatively new to the concept of systematic mine closure. Mine closure guidelines were first introduced in 2009, re-issued in 2013 and are still evolving.
“As coal mining in India had started long ago, our coalfields are replete with several legacy mines remaining unused for long. In addition, mines are closing and will close in future also due to reasons such as exhaustion of reserves, adverse geo-mining conditions, safety issues, etc,” the ministry had said.
These mine sites should not only be made safe and environmentally stable but the continuity of livelihood should also be ensured for those who were directly or indirectly dependent on the mines, it had said.
Reclaimed lands will also be repurposed for economic use of the community and state, including tourism, sports, forestry, agriculture, horticulture and townships.
The coal ministry has, therefore, envisaged building an all-inclusive comprehensive nationwide mine closure framework to cover legacy mines, recently closed mines and mine closures scheduled to happen in the short term, the statement had said.
Source: Business Standard
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Thursday, 30 June 22
INVESTMENT IN GLOBAL COAL SUPPLY CHAIN TO HIT $115 BN IN 2022, LED BY CHINA AND INDIA - BUSINESS LINE
At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022, says IEA.
The investment ...
Wednesday, 29 June 22
LNG MARKET REMAINS TIGHT - INTERMODAL
LNG market remains tight currently, mainly driven by the US LNG outage from the recent fire in Freeport LNG terminal together with the recent fall ...
Wednesday, 29 June 22
CHINA'S NEW PLAN FOR RENEWABLE ENERGY DEVELOPMENT FOCUSES ON CONSUMPTION - FITCH RATINGS
China’s focus on consumption penetration for renewable energy development in its recently released 14th five-year plan – 2021 to 2025 & ...
Wednesday, 29 June 22
APAC CORPORATE SECTOR OUTLOOKS SHIFT AMID GLOBAL SHOCKS - FITCH RATINGS’
Fitch Ratings’ mid-2022 corporate sector outlook review revealed that the Asia-Pacific (APAC) region saw the largest number of sector outlook ...
Thursday, 16 June 22
MARKET INSIGHT - INTERMODAL
Picking up from my last insight in March, on the early days of the invasion, it's worth pointing out the way that the fast-paced working enviro ...
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- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
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