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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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Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
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- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
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