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Thursday, 30 January 20
PRIVATE SECTOR COMPANIES SEEK 'LEVEL PLAYING FIELD' FOR COAL BLOCK AUCTION - PTI
 Private sector companies scouting opportunities for commercial coal mining in the country are seeking a “level playing field” to encourage them to participate in the bidding process, sources said.
Given the international scenario, global mining companies are looking to gradually reduce their exposure and investments in the coal sector and this will have an impact on FDI in commercial mining, private companies’ officials said.
“If the government does not provide the level playing field to private sector firms for commercial mining, the interest among mining firms will not take-off as it was envisaged earlier,” an official of the country’s leading private sector conglomerate told PTI.
The opening up of commercial coal mining for private sector is the most ambitious reform since the nationalisation of this sector, ending the monopoly of state-owned Coal India Ltd (CIL).
Ministry of Coal is holding consultative meetings in various cities with the stakeholders to discuss the draft methodology as well as key bidding terms and conditions for auction of coal mines for commercial mining.
A closed-door consultative meeting on the proposed coal block auction for commercial mining was held in the city on Tuesday and some 15-20 representatives from mining companies and associations participated in it, sources said.
Many stakeholders stated that a “penalty clause” is a major deterrent and will “not encourage serious commercial miners to participate in the bidding process”.
Explaining about “level playing field”, the official of the private sector company said that there is “no penalty clause” in case of Coal India while they will have to bear a risk to pay, if production quantity is below a threshold level
“We have also sought clarification about computation of the penalty for production below 70 per cent of the targeted output in three years,” the official said.
Central Mine Planning & Design Institute Ltd chairman Shekar Saran said the government has relaxed several conditions to make bidding attractive.
“The Centre expects large participation in the auction process,” he said.
However, officials private sctor companies said several financial institutions and mining majors had either stated to exit coal business or given a roadmap to reduce their exposure toward the polluting sector.
Coal sector analysts claimed that after cancellation of allocations of captive coal mines by the Supreme Court, some 80 blcoks were auctioned and only 18 projects had taken off.
The government had said that the first round of auctioning of blocks for commercial mining is expected to be launched in the current fiscal.
There are about 80-100 coal blocks which are likely to be auctioned in multiple phases over the next few years.
Source: PTI
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Marubeni Corporation - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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