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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, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
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- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
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- GMR Energy Limited - India
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- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
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- Petron Corporation, Philippines
- Romanian Commodities Exchange
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- Georgia Ports Authority, United States
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- Miang Besar Coal Terminal - Indonesia
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- Trasteel International SA, Italy
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- Africa Commodities Group - South Africa
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- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- New Zealand Coal & Carbon
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- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
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- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- White Energy Company Limited
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- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
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- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
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- Commonwealth Bank - Australia
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