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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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Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
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- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
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- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
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- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
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- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- The University of Queensland
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
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- Minerals Council of Australia
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- Australian Coal Association
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- Baramulti Group, Indonesia
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- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
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- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Economic Council, Georgia
- The Treasury - Australian Government
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
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- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
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- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
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- Therma Luzon, Inc, Philippines
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- Australian Commodity Traders Exchange
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- Mintek Dendrill Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
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- Indonesian Coal Mining Association
- Independent Power Producers Association of India
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- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
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- Anglo American - United Kingdom
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- Chamber of Mines of South Africa
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- Wilmar Investment Holdings
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
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- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Romanian Commodities Exchange
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- The State Trading Corporation of India Ltd
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