Archive for August, 2008

NTPC identifed coal mines in Indonesia

State-run Indian corporation NTPC will will soon carry out due diligence of two coal blocks identified in Indonesia. NTPC CMD R S Sharma said: We have identified two coal mines in Indonesia and will be appointing consultant very soon for the due diligence. For more information, click here For NTPC’s website, click here

Russia anti-trust body demands Mechel to reduce coal price

Igor Artemyev, Head of Russia’s anti-trust body, said: Russian miner Mechel should significantly cut the price at which it sells coking coal to domestic steel makers and in return will receive a “less than average” fine. Click here for more information. Click here to visit company’s website.

More coal imports for China due to shortage

The General Administration of Customs in China was quoted as saying: China should import more coal to help ease tight supplies that have triggered power shortages in many parts of the country. Click here for full story.

Red Hill Energy reports bulk sample coal tests

Red Hill Energy reports bulk sampling and open pit expansion program at its Ulaan Ovoo coal project, northern Mongolia. The program, which will be carried out under the supervision of Minarco-MineConsult Ltd. of Australia (MMC), will remove an approximate 5-tonne working section representative sample from the mine’s open pit. Prior to coal extraction, the coal seam’s [...]

Coking Coal firm to raise prices in China

China’s leading coking coal producer, Xishan Coal and Electricity Power, reported that it had raised prices for washed coking coal and fat coal by 300 yuan ($43.7) per tonne from August 1. For more information, click here

No shortage of Coal in India: Ministry

Minister of state for coal Santosh Bagrodia was quoted as saying: There is no coal shortage in the country. I will take up the issue with Power Minister Sushil Kumar Shinde. We have repeatedly made it clear that power plants should have a coal stock position of 21 days, but none have got that stock, [...]

Coaling Station: August 12

Welcome to the Coaling Station, your online recap of what’s happening in the global coal industry. We are hoping to have a new edition twice a week, depending on sector activity.