The Rs 500-crore mining solutions provider Thriveni Earthmovers, which has clients including Tata Steel, is foraying into the coal sector to cater to the domestic power and steel firms. For full story, click here
BHP Billiton has withdrawn its bid for part of Mongolia’s massive Tavan Tolgoi coking coal mine, which is valued at USD 2 billion. For full story, click here
The new president’s inaugural address had the attention of both renewable energy supporters and the coal industry as he addressed topic of climate change. The Obama administration is expected to usher in a new age of greener politics and that has many in the coal industry nervous.
Xstrata Plc said it will continue the shutdown of its Falcondo ferronickel operations in the Dominican Republic. For full story, click here
Supply and demand of coal is expected to be a bit more important in 2009, with the almost irrational movement along with crude oil turning out to be less of an influence.
Xstrata says has cut ore production by 20 percent at its McArthur River mine in Australia. For full story, click here
The Coal Ministry has suggested scrapping linkages for two of the projects of India’s leading power producer NTPC, saying the proposed units are unlikely to come up in the 11th Five Year Plan (2007-12). For full story, click here
Xstrata Plc said it will continue the shutdown of its Falcondo ferronickel operations in the Dominican Republic. For full story, click here
Indonesia’s parliament is set to pass a new law on coal and mining that promises more certainty for investors but may not be enough to attract major new foreign investment to exploit rich mineral resources. For ful story, click here
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. For full story, click here
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