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Friday, 29 May 20
GOVT MAY LAUNCH COAL BLOCKS AUCTION PROCESS UNDER COMMERCIAL MINING ON JUN 11 - PTI
 The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected to go under the hammer.
An official on the condition of anonymity said the "government will come out with the notice inviting tender (NIT) for auction of coal mines for sale of coal on June 11."
The official further said around 50 coal blocks are likely to be put on sale.
The coal ministry proposes to launch the auction of coal mines through an event in the national capital followed by a series of events in different parts of the country to create sensitisation on the amendments made in Acts and Rules by the Centre and generate private sector interest and participation, according to a government notice.
In a bid to organise and manage the event the coal ministry will appoint a programme management partner, it said.
The government last week approved a methodology for commercial mining of coal on revenue sharing basis.
The decision was taken during a meeting of the Cabinet Committee on Economic Affairs (CCEA) under the chairmanship of Prime Minister Narendra Modi.
Finance Minister Nirmala Sitharaman while announcing financial package had earlier said coal mines would be auctioned to the private sector for commercial mining to end reliance on imports and improve local production.
The methodology approved by CCEA provides that bid parameter will be revenue share, the government had said adding that bidders would be required to bid for a percentage share of revenue payable to the government.
"The floor price shall be four per cent of the revenue share. Bids would be accepted in multiples of 0.5 per cent of the revenue share till the percentage of revenue share is up to 10 per cent and thereafter bids would be accepted in multiples of 0.25 per cent of the revenue share," the coal ministry had said in a release.
There will be no restriction on the sale and/or utilisation of coal from the coal mine.
Source: PTI
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Monday, 18 May 20
THERMAL COAL SPOT PRICE TUMBLES 25 PER CENT, PUTTING PRESSURE ON SOME PRODUCERS - ABC RURAL
The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in d ...
Monday, 18 May 20
CHINA'S COAL OUTPUT UP 1.3 PCT IN JANUARY-APRIL: XINHUA
Output of raw coal in China rose 1.3 percent year on year to 1.15 billion tonnes in the first four months this year, official data showed.
&nbs ...
Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
Capesize
A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the ...
Friday, 15 May 20
CHINA'S COAL CONSUMPTION TO FALL Y/Y IN SECOND QUARTER, IMPROVEMENT EXPECTED IN SECOND HALF - INDUSTRY BODY: REUTERS
China’s coal consumption is expected to decline in the second quarter from a year earlier, but will see an improvement in the second half of ...
Thursday, 14 May 20
OPEC REVISES DOWN GLOBAL OIL DEMAND FORECAST AGAIN
Crude Oil Price Movements
Crude oil prices recorded a second sharp monthly drop in April, amid an increasing oil surplus in the spot market. Th ...
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- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Australian Coal Association
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
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