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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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Saturday, 18 January 20
GERMAN STEAM COAL IMPORTS IN 2019 PLUMMETED BY 17 % - COAL IMPORTERS ASSOCIATION
Press Release: According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), world trade in h ...
Saturday, 18 January 20
A 61,400 DWT FIXED FROM SOUTH EAST ASIA DELIVERY EAST KALIMANTAN REDELIVERY WEST COAST INDIA IN THE LOW $7,000S - BALTIC BRIEFING
Capesize
The market was relatively stable over this past week putting an end to the past months of more extreme declines. While the Capesize 5T ...
Friday, 17 January 20
EIA ESTIMATES THAT U.S. COAL PRODUCTION DECLINED BY 65 MMST (9%) TO 690 MMST IN 2019. IN 2020, COAL PRODUCTION WILL DECLINE BY A FURTHER 14% TO 597 MMST
U.S. Coal Supply.
EIA estimates that U.S. coal production declined by 65 million short tons (MMst) (9%) to 690 MMst in 2019. In 2020, EIA ...
Friday, 17 January 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index, a gauge of coal p ...
Thursday, 16 January 20
SUPRAMAX: INDO/CHINA ROUND VOYAGE FIXING AROUND LOW/MID USD 6,000 BSS APS INDO - FEARNLEYS
Capesize
Still very rough seas for the big ships, with the majority of the fleet trading Far East or fronthaul and consequently earning far les ...
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- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- The University of Queensland
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
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