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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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Monday, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
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- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Planning Commission, India
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
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