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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, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Cigading International Bulk Terminal - Indonesia
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- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
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- PowerSource Philippines DevCo
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- Electricity Generating Authority of Thailand
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- Siam City Cement - Thailand
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- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
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- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
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- White Energy Company Limited
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- London Commodity Brokers - England
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- Jorong Barutama Greston.PT - Indonesia
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- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
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- Australian Coal Association
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- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
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- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
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- Trasteel International SA, Italy
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
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- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
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- Independent Power Producers Association of India
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- European Bulk Services B.V. - Netherlands
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- Vizag Seaport Private Limited - India
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- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
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- Sinarmas Energy and Mining - Indonesia
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- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
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- Rio Tinto Coal - Australia
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- McConnell Dowell - Australia
- Parliament of New Zealand
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- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
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- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
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- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- PTC India Limited - India
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- Chamber of Mines of South Africa
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- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
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