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Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
 Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter session of parliament, Coal Minister Sriprakash Jaiswal said here Sunday.
The bill will help in reforming the coal and mining sector by allowing transparency in competitive allocation of coal blocks to benefit consuming industries like power and steel, he added.
Currently, coal blocks are allotted for captive use by public and private companies.
The bill will facilitate appointment of a coal regulator for faster allotment of blocks and help rope in more private investment in the sector, the minister said.
The country’s biggest coal miner, Coal India, has proven reserves of 106 billion tonnes, and has already handed over 208 blocks to various companies for captive mining.
It has now identified another 216 coal blocks, out of which it proposes to retain 138 and auction the rest. Coal India will also participate in the auction.
In his address at the “National Seminar on Coal: Partnership for Growth,” Jaiswal said coal production was 493 million tonnes, as against a demand of 555 million tonnes, leading to a shortage of 11 percent that is met through imports.
By the end of the 11th Plan period that ends 2012, the target was to raise coal production to 680 million tonnes, and to a billion tonnes in the next six-seven years.
“The industry needs to grow at nine percent every year to reach this target. And this is a challenging task,” the minister said.
“Production should increase from 0.5 tonnes to 0.7 tonnes per man year in underground mines and from 15 tonnes to 30 tonnes per man year in open cast mines,” he said.
Stressing on the deregulation and further opening up of the sector, Jaiswal said participation of both the public and private sectors were needed to infuse $8-10 billion over the next five to six years for development and upgrade of coal mines.
Coal India chairman Partha Bhattacharyya said the demand for coal has gone up due to the government’s target of massive capacity addition in the power sector.
“Thus, we need greater growth in coal output. But this phase of high growth may taper off once the power capacity addition drops,” he said.
Bhattacharyya said Coal India wished to leverage its strength and build strategic partnerships with overseas companied to import coal at cheaper rates.
“Our talks with global players suggested it is possible to get coal at sustainable prices. We should be able to see something concrete in a year’s time,” he said.
The company has also decided to raise the washing capacity for non-coking coal, which now stands at 150 million tonnes per annum in the country.
“Within the next five years, all non-coking coal will be supplied only after washing. For achieving this objective, Coal India will construct washing capacity and set up 19 coal washeries at different locations. All future major projects will have coal washery as an integral part,” he added.
Source: Thaindian News
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Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...
Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...
Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...
Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...
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- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- The University of Queensland
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- White Energy Company Limited
- ICICI Bank Limited - India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
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