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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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Friday, 13 March 20
TOP 4 ACCOUNTING CONSIDERATIONS AFTER THE IMPLEMENTATION OF IMO 2020 - PWC
To install or not to install?
Following the IMO 2020 global low sulphur cap for marine fuel effective since 1 January 2020, many shi ...
Friday, 13 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Friday, 13 March 20
KOREA SOUTH-EAST POWER INVITED BIDS FOR 390,000 MT OF THERMAL COAL FOR MAY-JUNE 2020 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), has issued an international tender for total 390,000 Metric Tons of coal for May & June ...
Thursday, 12 March 20
INDIA 2019 THERMAL COAL IMPORTS RISE 12.6% TO NEARLY 200 MILLION TONNES - REUTERS
India’s thermal coal imports rose 12.6% to nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflecting the seco ...
Wednesday, 11 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.07 PCT - XINHUA
China Taiyuan coal transaction price index stood at 133.16 points Monday, up 0.07 percent week on week.
The index, released by China ...
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- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Planning Commission, India
- Parliament of New Zealand
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
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