Centre plans to cancel coal mines if projects get delayed
Delays in implementation of projects may now cost steel and power companies their captive coal mines. For full story, click here
Archive for December, 2008
ICVL in talks with foreign cos for coal asset buyouts
International Coal Ventures is in talks with New Zealand-based coal mining firms, Te Kuha, Tatu and Coal Brookdale and US-based Tennessee for buyouts. For full story, click here
Coal India outperforms Sensex during economic turmoil
Solar Explosives’ recent contract with Coal India will boost its growth. The scrip has outperformed the Sensex during the economic turmoil over the past one year. For full story, click here
Indonesian mining law scrutinized
On Tuesday, Indonesia’s parliament passed a much anticipated coal and mining law intended to raise government revenues and provide easier access for foreign investment. However, many feel the regulations outlined in the new law will only deter investment.
Xstrata shuts half of Australia coking coal mine
Xstrata Plc has shut down half its coking coal production at a mine in Australia, the latest cutback by miners in the country as a slowdown in global steelmaking slashes demand for coal and other raw materials. For full story, click here
Coal industry has climate deal concerns
The coal industry is concerned it will not get enough financial assistance out of emissions trading. For full story, click here
Indonesia set to pass new coal-mining bill
Indonesia’s parliament is set to pass a new law on coal and mining on Tuesday that promises more certainty for investors but may not be enough to attract major new foreign investment to exploit rich mineral resources. For full story, click here
China to issue half of 09 coal export quotas-trade
China will soon issue half of its 2009 coal export quotas as well as the third and final batch of 2008 quotas, several trade sources said on Tuesday. For full story, click here
Coal India subsidiary to outsource drilling work
Public sector Central Mine Planning and Design Institute Ltd (CMPDIL), the only agency to undertake exploration of coal reserves in the country, is outsourcing about 10 lakh meters of drilling task to other companies. For full story, click here
Coal SPV eyes 10% in Australian miner
International Coal Ventures (ICVL), the special purpose vehicle (SPV) formed by five large public sector units for scouting coal properties abroad, is set to make its first major acquisition in Australia. For full story, click here
