Coal project to commence operations next year
India’s first pubic-private partnership coal project named Gopal Prasad Open Cast Project here, will commence its production from next year. For full story, click here
Archive for March, 2009
Thermal coal price in China to undulate by 10% in 2009
As per Han Zhenguo an analyst with Haitong Securities that, coal price fluctuation in 2009 will narrow significantly without any big boom-bust as in last year, adding that the undulation in the whole year may be approximately 10%. For full story, click here
CIL, ONGC coal block survey in 18 months
Coal India Limited (CIL) expects the exploration of coal block for its proposed coal gasification project in joint venture with Oil and Natural Gas Corporation (ONGC) to be done within 18 months. For full story, click here
Black Diamond files plan to come out from bankruptcy
Black Diamond Mining Company LLC, which produces coal in Central Appalachia, revealed that it filed a plan with a U.S. bankruptcy court to emerge from Chapter 11 and an earlier motion to convert its case to a Chapter 7 liquidation had been withdrawn. For full story, click here
CIC Energy's Mmamabula Project to Power Grid by '13
Coal exploration and development company CIC Energy, which is developing the Mmamabula Energy Project in Botswana expects to commence supplying power to the grid in early 2013. For full story, click here
Coal miner New Hope declared rise in earnings
Coal miner New Hope Corporation revealed that its full-year profit guidance has delivered a boost in earnings for the half on higher commodity prices. For full story, click here
Indonesia orders temporary freeze at Bayan coal mine
A coal mining unit of PT Bayan Resources has received orders from Indonesia to temporarily stop production for operating outside approved areas. For full story, click here
Straits Resources sits pretty on coal sale
Straits Resources revealed that it has just sold its stake in its coal assets to Thailand’s PTT International Company for $US335 million. For full story, click here
ArcelorMittal to halt operations at two Russian coal mines
ArcelorMittal, the world’s largest steel producer announced that it has considered halting operations at two of its three Russian coal mines bought last year from competitor OAO Severstal until market conditions improve. For full story, click here
Coal consumers resent EMD hike
Coal consumers across the country sourcing coal from Coal India Limited through the e-auction mode are resenting over the recent rise in earnest money deposit for procurement of coal and also the bulk transport of e-auction coal through the road route which has pushed up the cost of the raw material. For full story, click [...]
