India is on a coal buying spree ad the nation is scrambling to cover an expected shortfall in domestic supply. Coal majors are entertaining all levels of deals, from minority stakes in mines to becoming an operator. Many are chasing stakes in large-scale mines of 10 million to 15 million tonnes a year. Also being eyed are mid-sized thermal coal blocks in Australia.
Continue reading "India Seeks Coal"
Monday, May 25, 2009
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
Continue reading "MMTC will import 12.5 mln tonne coal for NTPC"
CoalInvestingNews.com maintains a focus on Coal exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Coal Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Get our exclusive independent commentary on coal trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Wednesday, September 16, 2009