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Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
 The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on coking coal to enable larger import by power and steel sectors.
According to a coal ministry official, while the steel sector’s demand for coking coal is expected to go up by another 18-20% in 2010-11, Coal India Ltd (CIL), which currently meets 82% of the power sector’s thermal coal demand, will not be able to keep pace with the power sector’s incremental need because of hurdles in developing new mining projects. So the ministry wants to encourage the power sector to go for larger imports, the official said.
The ministry has asked CIL to give its opinion on the issue after which it will put forward its proposal to the finance ministry but CIL has not given any comments so far, the official said.
According to sources, the Australian government has requested the coal ministry to lobby for reducing the import duty on thermal coal and persist with the zero import duty on coking coal, since it (the Australian government) foresees an opportunity to supply more coal to India from Australia.
| “Australia has its share only in India’s coking coal space, Indonesia commands the thermal coal space” |
An Australian trade commission delegation, which recently came to India, presented a paper to the coal ministry saying reducing the import duty of thermal coal and keeping the zero import duty on coking coal intact would not only strengthen bilateral ties but would also enhance the availability of affordable inputs for two Indian infrastructure industry-power and steel.
The trade commission pointed out that coking coal import, which was 12 million tonne in 2006-07 from Australia, would touch 18-20 mt in 2010-2011 and 25 mt by 2012, taking into account India’s steel capacity addition.
While Australia has its share only in India’s coking coal space, Indonesia commands the thermal coal space. Australia wants to make an entry into the thermal coal space, since imports of thermal coal are likely to go up, the ministry official said. The ministry estimated that import of coking and thermal coal together would be around 62.75mt by the end of 2009-2010, of which thermal coal would be around 40 mt. In 2008-09, India’s total thermal coal imports were 37.92 mt and coking coal 21.08 mt. However, CIL, the country’s largest producer of coal, had no plans to import any coal in 2009-10 but the Planning Commission has asked it to import 4mt of thermal coal in 2010- 2011 for NTPC.
CIL is yet to take a decision on the planning commission’s order. CIL chairman Partha S Bhattacharyya said CIL required an undertaking from NTPC that it would lift the entire 4 mt, which CIL will import. Both the parties are yet to arrive at a consensus on the issue.
Source: Financial Express
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Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
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