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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, 18 February 20
CORONAVIRUS AND ITS IMPACT ON YOUR CONTRACT - CAN YOU RELY ON 'FORCE MAJEURE'? - INCE
KNOWLEDGE TO ELEVATE
On 30 January 2020, the World Health Organization (WHO) declared that the outbreak of the Novel Coronavirus (officially t ...
Monday, 17 February 20
IMO-2020 SULPHUR CAP - ISSUES TO CONSIDER PRIOR TO THE IMPLEMENTATION OF THE CARRIAGE BAN ON 1 MARCH 2020 - STANDARD CLUB
With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban&rsqu ...
Monday, 17 February 20
COVID-19: THE EFFECT OF THIS PUBLIC HEALTH EMERGENCY ON CHARTERPARTY TERMS - GARD
KNOWLEDGE TO ELEVATE
Is it useful to compare the COVID-19 with earlier disease outbreaks?
A comparison with the Ebola outbreak ...
Saturday, 15 February 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - REUTERS
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Saturday, 15 February 20
CHEN ZHIDA: NOVEL CORONAVIRUS - IMPLICATIONS FOR CHARTERPARTIES - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Last month, the Club issued a bulletin on the 2019 Novel Coronavirus (COVID-19) which explained the origin of the virus a ...
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- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
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