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Friday, 21 February 20
INDIA: POTENTIAL INVESTORS SEEK MORE CLARITY ON COMMERCIAL COAL MINING NORMS - FINANCIAL EXPRESS
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. In three separate meetings with Union coal ministry officials, some industry personnel also pointed out that the efficiency parameters specified by the government’s discussion paper on the subject are too stringent and the coal ministry must relax the operational timelines proposed in it.
Few private firm representatives demanded that the offered mines should come up with “pre-embedded” clearances to reduce the time required for starting production. The industry pointed out that the paper was silent on infrastructure for coal evacuation and sought the Indian Railways’ inputs on the subject.
After the early January Cabinet decision to remove end-use restrictions on miners in the sector that virtually abolished the concept of captive coal mining, the Union coal ministry had floated a discussion paper which said that the ministry is developing a ‘National Coal Index’ to fix the price of coal for commercial mining, which would include a weighted combination of monthly prices of coal in various channels of transaction. Stakeholders sought more clarity on the pricing mechanism and said that the methodology should be transparent and should be put up in the public domain. Some of them also said that the floor price bench-marked for the auctions — 4% of the revenue share and increment in multiples of 1% — is too high and should be reconsidered.
As reported by FE earlier, the Cabinet decision dismantling the end use curbs could prompt foreign coal companies and also local power and steel companies to take part in the auctions to be held to re-allocate the captive blocks cancelled by the Supreme Court in 2014. So far, only 96 of the 204 blocks cancelled by the apex court have been re-allocated — including 60 assigned to PSUs on a nomination basis and 36 auctioned off — and just 29 of them are operational.
While steel and power firms have interest in coal mining as it gels well with their businesses if unhindered open market sales of surplus coal is allowed, they have been largely shying away from the auctions held so far — even 25% open-market sales allowed in February 2019 was not enough to kindle their interest in these coal blocks.
The Cabinet, via an amendment to the MMDR Act, also extended the policy of composite mining licence, now in force for unexplored blocks of most non-coal minerals, to the coal sector as well, adding to certainty of tenure from the prospecting to the production stages. A section of the industry demanded that the coal ministry must reimburse the exploration costs to the companies for unviable mines.
Other demands include incentives on cleaner mining technology such as coal gasification, liquefaction and coal bed methane and permission to use associated minerals like shale, sandstone and fireclay for ancillary activities. There was also requests for more coal blocks in Odisha. Companies which participated in the stakeholder meetings held in New Delhi, Mumbai and Kolkata include JSW Energy, Tata Power, Adani Enterprises, CESC, JSPL and Reliance Power.
Source: Financial Express
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Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
Tuesday, 03 March 20
COAL'S SHARE OF CHINA ENERGY MIX FALLS IN 2019 BUT CONSUMPTION STILL RISING - REUTERS
Coal accounted for 57.7% of China’s primary energy consumption in 2019, the National Bureau of Statistics said on Friday, down 1.5 percentage ...
Monday, 02 March 20
SHIPOWNERS AND OPERATORS COULD FACE DETENTION OF SHIPS FROM 1ST MARCH UNDER IMO RULE - ICS
Port state control authorities will begin to enforce the IMO’s Sulphur 2020 from 1st March, making it an offense for ships to carry fuel that ...
Saturday, 29 February 20
SUPRAMAX SENTIMENT WAS UP IN A FEW KEY AREAS OVER THE LAST WEEK - BALTIC BRIEFING
Capesize
The Capesize market woes related to Coronavirus have now spread through the wider global markets like wildfire. The wider supply and d ...
Thursday, 27 February 20
FOREIGN COMPANIES LIKELY TO SKIP COMMERCIAL COAL BLOCK AUCTIONS - ECONOMIC TIMES
The Centre is in the process of inviting global players for commercial mining, following 100% foreign direct investment in the sector. However, giv ...
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- Indian Oil Corporation Limited
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- The University of Queensland
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Planning Commission, India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Trasteel International SA, Italy
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