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Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that would allow auctioning of coal mines to companies without the restriction of captive use.
The postponement comes in the wake of a decision taken by the PM’s Energy Coordination Committee that the bill should be moved only after a consensus is arrived. The committee had taken the decision after the bill was stalled in the face of stiff opposition from trade unions.
The government had asked a ministerial panel under finance minister’s chairmanship to examine the matter and ordered the Planning Commission to prepare a report. The panel has to make specific recommendations on policy measures on exploration and mining of coal.
But in the Budget season, the bill has taken a back seat. The bill has been hanging fire since 2000 when it was moved in the Rajya Sabha. It was cleared by the standing committee in 2001 but no progress was made in the face of stiff opposition from trade unions. At present, private industries are allowed a role in coal mining only for captive use.
The coal ministry has been proposing to opt for a lumpsum payment route for auctioning coal blocks, instead of royalty and profit-share system being followed in case of handing out oil or gas concessions. The bid amount will be realised in instalments over 10 years. Bidders will be asked to make their offer above the floor price worked out on the basis of the government’s estimate of coal reserves in a block.
On June 20 last year, TOI first reported that the ministry was moving to set up a regulator in six months or so before opening up coal mining to private players through the open bidding system.
Source : Times of India
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Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
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- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Coal and Oil Company - UAE
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- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
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- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Parliament of New Zealand
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- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
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- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
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- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
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- Directorate General of MIneral and Coal - Indonesia
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- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- White Energy Company Limited
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
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- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
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