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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, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
Saturday, 24 October 09
NTPC SEEKS ALTERNATE COAL SUPPLY FOR KAHALGAON
State-run NTPC is looking at alternate sources of coal to fire its Kahalgaon (Bihar) and Farakka (West Bengal) and power stations, which are facing ...
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- Interocean Group of Companies - India
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- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
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- Directorate Of Revenue Intelligence - India
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- Formosa Plastics Group - Taiwan
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- Economic Council, Georgia
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- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
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- PowerSource Philippines DevCo
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- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
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- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
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- Mercator Lines Limited - India
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- Eastern Coal Council - USA
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- Maheswari Brothers Coal Limited - India
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- Samtan Co., Ltd - South Korea
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- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
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- Sical Logistics Limited - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
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- Parliament of New Zealand
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- Bulk Trading Sa - Switzerland
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- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Posco Energy - South Korea
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Indian Energy Exchange, India
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- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
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- Metalloyd Limited - United Kingdom
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- Indian Oil Corporation Limited
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
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