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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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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
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- Star Paper Mills Limited - India
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- Energy Development Corp, Philippines
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- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
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- Thiess Contractors Indonesia
- Trasteel International SA, Italy
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
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- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
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- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- White Energy Company Limited
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- Interocean Group of Companies - India
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- Commonwealth Bank - Australia
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- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
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- Therma Luzon, Inc, Philippines
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- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
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- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
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- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
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- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
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- Formosa Plastics Group - Taiwan
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- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
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- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- The University of Queensland
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- ASAPP Information Group - India
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- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Jaiprakash Power Ventures ltd
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- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
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- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
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- Sindya Power Generating Company Private Ltd
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
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