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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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Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
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- Pipit Mutiara Jaya. PT, Indonesia
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- Goldman Sachs - Singapore
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- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
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- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Ministry of Transport, Egypt
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- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
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- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
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- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
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- Coal and Oil Company - UAE
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- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
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- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
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- South Luzon Thermal Energy Corporation
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- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
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- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
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- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
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- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
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- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Mercator Lines Limited - India
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- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
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- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
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- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
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- Orica Australia Pty. Ltd.
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