The State Trading Corp of India Ltd floated an import tender for 8.25 million tonnes of coal for NTPC Ltd, a state-owned power generating company. For full story, click here For STC’s website, click here
Read the full article: "STC to import coal for NTPC"
Tuesday, August 26, 2008
China will bolster enforcement of its price cap on thermal coal to curb prices of the fuel. The official China Securities Journal reported: The National Development and Reform Commission (NDRC), the country’s powerful economic planning body, also foresees tighter coal supplies in central and southwestern China as hydropower generation falls in the winter. For more [...]
Read the full article: "China to strengthen coal price cap..."
Tuesday, August 26, 2008
Gloucester Coal has forecast increased profitability this year due to strong prices and demand for coal, after delivering a jump in full-year profit. Chief executive Rob Lord said in a statement: While the benefits of these increased coal prices did have a positive impact on 2007/08 revenues (primarily the past few months), the benefits are anticipated [...]
Read the full article: "Gloucester Coal forecasts increased..."
Tuesday, August 26, 2008
Six coal producers that have evaded royalty payments for seven years may have to pay huge penalties. Energy and Mineral Resources Minister Purnomo Yusgiantoro said: The companies’ contracts with the government required the producers to pay 2 percent interest on outstanding royalty payments every month until all payments are settled. Click here for full story.
Read the full article: "Coal producers may have to pay penalties in..."
Tuesday, August 26, 2008
A subsidiary of state owned coal producer Coal India Ltd (CIL), has sent a team to Indonesia to review four mining blocks in the country. CIL chairman Partha S Bhattacharyya said: The team left for Indonesia on August 23, and the deal could happen depending on their feedback. For full story, click here
Read the full article: "Coal India Ltd sent team to Indonesia"
Thursday, August 21, 2008
China has asked its coal exporters to reduce exports in order to deal with power crisis due to shortage of coal. An executive at one of the coal firms said: It was an oral order. I can’t comment on the quantity. For more information, click here
Read the full article: "China tells coal exporters to reduce exports"
Wednesday, August 20, 2008
Indian infrastructure firm major Larsen & Toubro Ltd eyes stake in coal mines abroad to feed its planned power plants, Hindu business line was quoted as saying. For full story, click here
Read the full article: "India's L&T to acquire stake in..."
Wednesday, August 20, 2008
India’s Minister of State for Coal Santosh Bagrodia said: India needs to look beyond coal and tap non-conventional and renewable sources of energy such as hydropower and nuclear energy. For more information, click here
Read the full article: "India needs to look beyond coal-based power"
Tuesday, August 19, 2008
Five insiders have purchased $1.2 million of the coal miner’s stock, as the stock of Patriot Coal came off its highs. For more information, click here For company’s website, click here
Read the full article: "Executives of Patriot coal purchasing..."
Tuesday, August 19, 2008
17 miners had been killed in two separate coal mine accidents in China on Monday. For more information, click here
Read the full article: "Miners killed in coal mine accidents"
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Friday, August 29, 2008