Sindh Province declared that it has refused to accept allocations for the development of multi billion dollar Thar coal project in the next budget 2009-10 during the Annual Plan Coordination Committee meeting held with the Planning Commission deputy chairman in the chair on Friday. For full story, click here
State-run trading firm MMTC Ltd announced that it will import 12.5 million tonnes of coal this fiscal for the country’s leading power producer, NTPC. MMTC has invited bids for purchasing coal to meet the requirements of the power major. For full story, click here
Coal India Limited aims to surge output in the year to end in March 2010, but would also need higher imports to feed to the growing energy needs of domestic industries. For full story, click here
Gloucester Coal Limited climbed to a 7 month high in Sydney trading after agreeing to a sweetened takeover offer from Noble Group Limited which values the Australian mining company at AUD 572 million. For full story, click here
India’s MMTC Ltd. announced that it has issued a tender for supply of 12.5 million tonnes of imported coal over a period of one year for various power plants of National Thermal Power Corp Ltd. For full story, click here
South Korea’s imports of heating coal in April dipped 22 percent from a year earlier on bearish demand from domestic utilities. For full story, click here
Polish state-owned coal miner Bogdanka expects to surge about $140 million in Warsaw’s leading initial public offering planned so far this year. For full story, click here
South Korean utility Korea Midland Power Co. announced that it has tendered for 675,000 tonnes, or 11 panamax-sized shipments, of thermal coal for delivery between July to August. For full story, click here
Indonesian coal miner PT Berau Coal declared that it is being assessed for a possible initial public offering and the due diligence should be completed by the end of June. For full story, click here
The row over the Sasan ultra mega power project refuses to subside, with Tata Power approaching the Supreme Court seeking to overturn a government decision allowing Reliance Power to divert surplus coal from the plant’s captive mines to another project. For full story, click here
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