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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, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
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- Star Paper Mills Limited - India
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- SMC Global Power, Philippines
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- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
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- Oldendorff Carriers - Singapore
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- Parliament of New Zealand
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- London Commodity Brokers - England
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- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
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- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
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- Intertek Mineral Services - Indonesia
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- Coalindo Energy - Indonesia
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- India Bulls Power Limited - India
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- Xindia Steels Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- White Energy Company Limited
- Ministry of Finance - Indonesia
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- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Minerals Council of Australia
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- Simpson Spence & Young - Indonesia
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- Deloitte Consulting - India
- Australian Coal Association
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- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- GAC Shipping (India) Pvt Ltd
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- Georgia Ports Authority, United States
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- Alfred C Toepfer International GmbH - Germany
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- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
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