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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, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
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- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
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- Star Paper Mills Limited - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
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- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
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- PetroVietnam Power Coal Import and Supply Company
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- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- MS Steel International - UAE
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
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- Merrill Lynch Commodities Europe
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- The University of Queensland
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
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- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
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- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
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- Minerals Council of Australia
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