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Monday, 20 January 20
INDIA TO STOP SUBSTITUTABLE COAL IMPORT; CAN GO FOR AUCTION OF 100 FULLY EXPLORED NEW BLOCKS: JOSHI - PTI
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act 1957 and Coal Mines (Special Provisions) Act 2015.
Union minister Pralhad Joshi on Sunday said the Centre will stop the "substitutable import" of coal in the next three to four years and can go for auction of 100 fully explored blocks. The statement assumes significance in view of recent developments in the sector where the government recently brought an ordinance to amend laws to open up coal mining to firms other than those in the steel and power sectors, removing restrictions on end-use of the fuel.
Terming the promulgation of the ordinance as "one of the major reforms", the coal minister in an interview to said that "whatever the substitutable shortfall is there...we want to achieve it in the coming three-four years. That may be around 2023-24. We want to stop the substitutable import of the coal".
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act 1957 and Coal Mines (Special Provisions) Act 2015.
"In between also there were some other problems. CMSP Act, end-user restriction. So many things were there. All these things we have removed now," the minister explained.
Stating that promulgation of the Ordinance has been welcomed by the sector, he said the government is seeking comments on draft rules for coal mines auction which is in the public domain.
"Now question is about framing rules and that we have kept it in public domain...We want to make it investor friendly... After this formation of rules and after all these things, we want to market in a such way in the world that now things have become easy...you come and do the business," the minister added.
"I can say today as on date around 100 new greenfield blocks fully explored coal blocks are with us. Fully explored blocks 100 greenfield blocks are with us now. That we can go for auction immediately," the minister said adding that the sale of the blocks will be in a phased manner.
When asked about the number of blocks that would go under the hammer in the first phase, he said, "That I can't say right now as that is yet to be discussed, deliberated."
According to industry thinkers, the recent move in the coal sector is likely to create an efficient energy market and bring in more competition as well as reduce coal imports.
However, the move will put an end to Coal India's monopoly in the sector.
Allaying the fears in this regard, the minister said, "We are pushing and trying to strengthen Coal India so that they achieve their target (one billion tonnes) by 2023-24...We want that Coal India should do its job, do its job well...Remaining whatever is the gap of 400-500 million tonnes that will be taken care of by private people."
Coal India accounts for over 80 per cent of domestic coal output.
India imported 235.2 million tonnes of coal in 2018-19 valued at Rs 1.7 lakh crore, Joshi had earlier said.
Source: PTI
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Thursday, 23 January 20
AFRICAN POWER PLATFORM PUBLISHES REPORTS ON POWER SECTOR FRAMEWORK FOR SELECTED AFRICAN COUNTRIES
Press Release: African Power Platform publishes Reports on Power Sector Framework for selected African Countries
With the repo ...
Thursday, 23 January 20
COAL-BASED ELECTRICITY GENERATION SURGES 95% IN 2019 - PROFIT PAKISTAN TODAY
Coal-based power generation jumped 94.5 percent to 2,030 Gigawatt hours (GWh) in the year to November 2019, taking its share in the country’s ...
Wednesday, 22 January 20
INDIA: COAL PRODUCTION FROM CAPTIVE MINES RAISES 24% OUTPUT IN APRIL TO DECEMBER - FINANCIAL EXPRESS
Coal production from captive mines in the first nine months of the ongoing financial year was up 24% year-on-year (y-o-y) at 40.93 million tonne (M ...
Wednesday, 22 January 20
SHIPPING MARKET INSIGHT - INTERMODAL
It seems that we are finally seeing whitish smoke as far as the trade feud between the US and China is concerned, while following this much anticip ...
Tuesday, 21 January 20
IRON ORE - 5 THINGS TO WATCH IN 2020 - WOOD MACKENZIE
Wood Mackenzie identifies five trends that will impact the iron ore industry.
Slower demand growth (especially in China) and a decen ...
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- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
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