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Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
 Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply gap in the sector considered crucial to India’s long-term energy security, according to an official in the coal ministry.
Currently, state-run firms such as Coal India enjoy absolute monopoly over coal mining and sale in the country. Private companies are allowed to mine only for captive consumption.
The Coal Nationalisation (Amendment) Bill, 2000, introduced in the Rajya Sabha by the NDA government to carry forward long-pending reforms in the sector, may now get a fresh lease of life, said the official who didn’t want to be named.
The Budget slated for next month is likely to lay out the government strategy. “President Pratibha Patil has already indicated that the government wants to carry forward reforms in the coal sector. Allowing the private sector in commercial coal mining is the only major reform initiative that remains to be completed. A Bill in this regard is pending and it could be revived after building necessary consensus,” the official said.
The move stands to benefit national and multinational companies such as BHP Billiton, Rio Tinto, Vale, Monnet Ispat, Gujarat NRE, the Tata Group and Jindals.
The official said the government will try to build political consensus on the matter before approaching Parliament. It will also bring employees’ unions of state-run coal companies on board.
Even earlier, there was a broad consensus in the UPA with Prime Minister Manmohan Singh too endorsing the opening of the coal sector to step up production. However, the reforms could not be carried out in the face of stiff opposition from trade unions and Left parties.
Getting private firms in coal mining is considered important to give a boost to India’s coal output and reduce dependence on imports by bridging the shortfall between demand and production. Additional coal output will also come in handy for a raft of new coal-based power projects being planned across the country.
India produces over 450 million tonnes of coal annually, almost 50 million tonnes less than what it consumes. In 8-10 years, coal production is slated to touch a billion tonnes but the demand-supply mismatch too will enlarge. Coal India is unlikely to meet the entire future requirement, so the government wants the private sector to step in to increase coal production at a much faster pace, the official said.
The government is also likely to carry forward an amendment in Parliament to permit competitive bidding of captive coal blocks. The Cabinet has already cleared this proposal. This amendment is expected to be the first phase of liberalising coal mining in the country. Allowing merchant sale of coal from captive blocks is also on the government’s radar till the sector is fully opened up.
Source:http://economictimes.indiatimes.com/News/News-By-Industry/Indl-Goods--Svs/Metals--Mining/Private-coal-miners-likely-to-land-commercial-licence/articleshow/4629194.cms
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Sunday, 28 June 09
INDIA CEMENTS TO INVEST RS 1,500 CR OVER 2 YEARS
Chennai-based India Cements is planning to invest around Rs 1,500 crore over the next two years for setting up a greenfield project in Rajasthan, po ...
Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
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- Sinarmas Energy and Mining - Indonesia
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- Energy Development Corp, Philippines
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- Romanian Commodities Exchange
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- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
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- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
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- Africa Commodities Group - South Africa
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- Jindal Steel & Power Ltd - India
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- Mercuria Energy - Indonesia
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- Bhushan Steel Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
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- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- The University of Queensland
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- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
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- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
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- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
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- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
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- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
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- Commonwealth Bank - Australia
- Parliament of New Zealand
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- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
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- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
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- Energy Link Ltd, New Zealand
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- Meenaskhi Energy Private Limited - India
- Australian Coal Association
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- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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