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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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Wednesday, 03 June 09
POWER DEMAND TO BOOST INDIA COAL IMPORTS DURING MONSOON - STEELGURU
Reuters quoted Indian coal importers said that strong demand for power in India is likely to keep coal imports at the maximum level possible in the ...
Wednesday, 03 June 09
NAPOCOR EXTENDS COAL TENDER FOR SOLE BIDDER - ABS CBNNEWS
National Power Corp. (Napocor), the top Philippine electricity producer, has given the lone bidder at a tender for 195,000 tons of coal more time to ...
Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ...
Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South Africa ...
Wednesday, 03 June 09
BUILDING A ROAD TO LINK 3 GIANTS - THE JAKARTA GLOBE
Madhu Koneru is building a road to the future that will bring together the financial heft of the Middle East, the technological know-how of a rising ...
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- Kideco Jaya Agung - Indonesia
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- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
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- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
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- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Planning Commission, India
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- Sinarmas Energy and Mining - Indonesia
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- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
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- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- London Commodity Brokers - England
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- The University of Queensland
- Baramulti Group, Indonesia
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- Singapore Mercantile Exchange
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- The Treasury - Australian Government
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- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
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- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
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- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
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- Energy Development Corp, Philippines
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- Xindia Steels Limited - India
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- White Energy Company Limited
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- Africa Commodities Group - South Africa
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- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
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- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
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- Dalmia Cement Bharat India
- Bhatia International Limited - India
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- Thiess Contractors Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
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- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
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- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
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- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
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- VISA Power Limited - India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
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- Ceylon Electricity Board - Sri Lanka
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- Mjunction Services Limited - India
- Independent Power Producers Association of India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
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