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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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Monday, 24 February 20
CHINA SAYS MAJOR COAL FIRMS RESTORE 95% OF PRODUCTION CAPACITY - REUTERS
China’s coal companies controlled by the central government have resumed operations and are back at more than 95% of their capacity, an offic ...
Sunday, 23 February 20
SHIPPING INDUSTRY FACES $370 MILLION HIT FROM NEW PANAMA CANAL CHARGE - REUTERS
A new “freshwater” charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up ...
Sunday, 23 February 20
A 57,000DWT SHIP FIXING DELIVERY SOUTH KALIMANTAN TRIP, REDELIVERY CJK, AT $7,600 - BALTIC BRIEFING
Capesize
The Capesize market found little to cheer about this week as it again endured remarkable lows. The Atlantic continued to improve, with ...
Saturday, 22 February 20
THE SURPRISING MOVE IN MARINE FUEL SPREADS - ING
Middle distillates tank
One of the biggest surprises since the implementation of new International Maritime Organization (IMO) sulphur regulati ...
Friday, 21 February 20
CAPE: AVERAGE NOMINAL DAILY EARNINGS STILL ADMITTEDLY UNCHANGED W-O-W AT BELOW US$3000 - FEARNLEYS
CAPE
The worst may just about be over for the big ships. Average nominal daily earnings still admittedly unchanged w-o-w at below US$3k, but sent ...
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- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Planning Commission, India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Videocon Industries ltd - India
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