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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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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Australian Coal Association
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Aditya Birla Group - India
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