Coal mining companies may have to fork out up to 1% of their turnover for a proposed research & development fund, an official in the coal ministry said. For full story, click here
Both sides in the debate over coal-fired power plant development in Georgia claimed victory after a court ruling on a project planned for Early County in southwest Georgia. For full story, click here
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
Cline Mining Corporation reported that the refurbishment and development to commercial production of its New Elk metallurgical coal mine located in southern Colorado, U.S.A. is proceeding well and Phase I is approaching completion. For full story, click here
Coal supplies seems to have improved in the last one month with 68 per cent of the power plants having stock of more than seven days, a development that could lead to lesser power cuts during the summer season. For full story, click here
We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.
Coal India may invite nine shortlisted private parties from India and abroad for turnkey development and long-term operation of high capacity underground mines in seven virgin blocks, in a pre-bid meeting later this month. For full story, click here
Saturday, July 11, 2009