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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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- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
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- Banpu Public Company Limited - Thailand
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- Renaissance Capital - South Africa
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- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
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- IHS Mccloskey Coal Group - USA
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- ICICI Bank Limited - India
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- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
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- Ministry of Finance - Indonesia
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- The State Trading Corporation of India Ltd
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- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
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- Latin American Coal - Colombia
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- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
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- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
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- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
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- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
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- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
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- Indian Oil Corporation Limited
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- SMG Consultants - Indonesia
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- Bulk Trading Sa - Switzerland
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- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
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- Australian Coal Association
- Baramulti Group, Indonesia
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- White Energy Company Limited
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- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
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- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
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- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
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- Commonwealth Bank - Australia
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