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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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Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Metalloyd Limited - United Kingdom
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- Timah Investasi Mineral - Indoneisa
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- Bangladesh Power Developement Board
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- Global Business Power Corporation, Philippines
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- Samtan Co., Ltd - South Korea
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- Australian Coal Association
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- Jorong Barutama Greston.PT - Indonesia
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- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
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- Binh Thuan Hamico - Vietnam
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- Petron Corporation, Philippines
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- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Directorate Of Revenue Intelligence - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
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- Dalmia Cement Bharat India
- White Energy Company Limited
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- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
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- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
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- The Treasury - Australian Government
- Energy Development Corp, Philippines
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- Krishnapatnam Port Company Ltd. - India
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- Eastern Energy - Thailand
- Eastern Coal Council - USA
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- Savvy Resources Ltd - HongKong
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- Rio Tinto Coal - Australia
- VISA Power Limited - India
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- Planning Commission, India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
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