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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, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
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- McConnell Dowell - Australia
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- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
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- Eastern Energy - Thailand
- Thiess Contractors Indonesia
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- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
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- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
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- India Bulls Power Limited - India
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- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
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- Australian Commodity Traders Exchange
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- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
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- Binh Thuan Hamico - Vietnam
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- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- VISA Power Limited - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
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- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
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- Billiton Holdings Pty Ltd - Australia
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- Sarangani Energy Corporation, Philippines
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- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
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- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
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- Borneo Indobara - Indonesia
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- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
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- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
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- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
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- Intertek Mineral Services - Indonesia
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- Aditya Birla Group - India
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- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
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