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Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
 Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that would allow auctioning of coal mines to companies without the restriction of captive use.
The postponement comes in the wake of a decision taken by the PM’s Energy Coordination Committee that the bill should be moved only after a consensus is arrived. The committee had taken the decision after the bill was stalled in the face of stiff opposition from trade unions.
The government had asked a ministerial panel under finance minister’s chairmanship to examine the matter and ordered the Planning Commission to prepare a report. The panel has to make specific recommendations on policy measures on exploration and mining of coal.
But in the Budget season, the bill has taken a back seat. The bill has been hanging fire since 2000 when it was moved in the Rajya Sabha. It was cleared by the standing committee in 2001 but no progress was made in the face of stiff opposition from trade unions. At present, private industries are allowed a role in coal mining only for captive use.
The coal ministry has been proposing to opt for a lumpsum payment route for auctioning coal blocks, instead of royalty and profit-share system being followed in case of handing out oil or gas concessions. The bid amount will be realised in instalments over 10 years. Bidders will be asked to make their offer above the floor price worked out on the basis of the government’s estimate of coal reserves in a block.
On June 20 last year, TOI first reported that the ministry was moving to set up a regulator in six months or so before opening up coal mining to private players through the open bidding system.
Source : Times of India
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Rashtriya Ispat Nigam Limited - India
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- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
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- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
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- Romanian Commodities Exchange
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- Goldman Sachs - Singapore
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- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
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- Attock Cement Pakistan Limited
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- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Minerals Council of Australia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
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- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- ICICI Bank Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
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- Indonesian Coal Mining Association
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- New Zealand Coal & Carbon
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- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
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- Bhushan Steel Limited - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
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- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
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- Indian Energy Exchange, India
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- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
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- Economic Council, Georgia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
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