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Sunday, 15 March 20
CAPTIVE COAL OUTPUT RISES 19% IN APRIL-FEBRUARY - FINANCIAL EXPRESS
Coal production from captive mines in the first eleven months of the ongoing fiscal have increased by 18.8% year-on-year (y-o-y) to 51.7 million tonne (MT) from the corresponding period in FY19. However, about 53% of the output came from coal blocks which were not cancelled by the Supreme Court in its September 2014 order.
The apex court had then cancelled 204 out of 218 captive coal block licences, saying that these had been allocated in an illegal and arbitrary manner. After the Supreme Court ruling, 36 coal mines has been auctioned so far. The Rajya Sabha on Thursday passed The Mineral Laws (Amendment) Bill, 2020, which removes end-use restrictions in coal blocks to be put up for auctions, essentially ending the practice of captive mining and allowing coal mine developers to sell the fuel to consumers in the open market.
The union government in January had issued the ordinance for the same, along with amendments to the MMDR Act 1957 and the CMSP Act 2015 have also been amended to allocate coal blocks for composite prospecting licence-cum-mining lease to make it more attractive for commercial mining.
The new edicts will come into force after the President’s assent and is seen to to put an end to the long-held monopoly of public-sector behemoth Coal India (CIL).
Production by CIL declined 1.9% annually to 517.8 million tonne (MT) in the first eleven months of FY20, mainly due to excessive rains hampering mining operations during the monsoons earlier this year. Law and order issues in some major mines and several employee union strikes after the Cabinet’s February 2019 decision to ease mining norms for private companies also hampered the world’s largest miner’s production.
The drop in CIL production in the fiscal would have been much lower had it not recorded a 14.2% annual rise in its February output. The coal production scenario has improved at least from the November, 2019 levels, when CIL output was lower by 7.8% year-on-year (y-o-y).
Source: Financial Express
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Thursday, 19 March 20
A CRUDE TSUNAMI: UP TO 3 MILLION BPD OF EXTRA OIL CAN HIT THE MARKET FROM APRIL, MORE COMING IN MAY - RYSTAD ENERGY
The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates. Two million bpd ...
Thursday, 19 March 20
BIMCO REVISES 2020 FORECAST FOR MAIN SHIPPING MARKETS
The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the fu ...
Thursday, 19 March 20
U.S. COAL EXPORTS DECLINED IN 2019 - EIA
In 2019, U.S. coal exports declined to 93 million short tons (MMst), a 20% decrease from the previous year, according to the U.S. Energy Informatio ...
Thursday, 19 March 20
SOUTH KOREA'S KOSPO INVITED BIDS FOR MIN 3,700 OR MIN 4,200 NCV LOW CALORIFIC VALUE COAL
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO), has issued an international tender for total 160,000 MT (±10%) (80,000 x 2 Panamax) of ...
Wednesday, 18 March 20
DRY BULK: INDONESIAN COAL CARGOES PROVIDING A BIG BOOST IN THE EAST WHERE SENTIMENT FOR HANDIES ALSO STARTED IMPROVING - INTERMODAL
The BDI ended last week with small gains on the back of an encouraging number of cargoes out of key trading regions that helped sustain the reserve ...
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- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
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