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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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Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and ...
Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
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- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
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