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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 (MT). However, about 53% of the output came from coal blocks, which were not cancelled by the Supreme Court in its September 2014 order.
The apex court had then cancelled 204 out of 218 captive coal block licences, saying these had been allocated in an illegal and arbitrary manner. After the apex court ruling, 36 captive coal mines have been auctioned so far. Of these, 11 are producing coal at present. Allocations of nine mines have been terminated for various reasons.
The Union government has recently issued the Mineral Laws Amendment Ordinance, 2020, which removes end-use restrictions in coal blocks to be put up for auctions, essentially ending the practice of captive mining and allowing coal mine developers to sell the fuel to consumers in the open market. The MMDR Act, 1957, and the CMSP Act, 2015, have also been amended to allocate coal blocks for composite prospecting licence-cum-mining lease to make it more attractive for commercial mining. This has put an end to the long-held monopoly of public-sector behemoth Coal India (CIL).
Production by CIL declined 5.8% annually to 388.4 MT in the first nine months of FY20, mainly due to excessive rainfall hampering mining operations during the monsoons. Law and order issues in some major mines and several employee union strikes after the Cabinet’s February 2019 decision to ease mining norms for private companies also hampered the world’s largest miner’s production. CIL’s supply to the power sector also shrank 8.1% annually to 334.3 MT in April-December FY20. However, power plants are currently stocked with coal, which can last them for as many as 19 days. The fuel reserves had critically come down to 11 days in the same period last year. Experts have attributed lower coal off-take by power plants to muted electricity demand amid economic slowdown.
Coal companies have to moderate production according to off-take, as coal cannot be stockpiled beyond a certain quantity without the risk of catching fire.
Source: Financial Express
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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- The University of Queensland
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
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