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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, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
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- India Bulls Power Limited - India
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- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
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- Kartika Selabumi Mining - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
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- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
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- Commonwealth Bank - Australia
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- Essar Steel Hazira Ltd - India
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- Australian Coal Association
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- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
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- Africa Commodities Group - South Africa
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- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
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- Electricity Authority, New Zealand
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- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
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- Indian Oil Corporation Limited
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- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- MS Steel International - UAE
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- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Planning Commission, India
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- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- White Energy Company Limited
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
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- VISA Power Limited - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Parliament of New Zealand
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- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
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- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
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