The public sector Coal India Ltd. has planned to import around four million tonnes of coal within this fiscal, CIL Director, Marketing, A. K. Sarkar, said. Given the lower calorific value of Indian coal, the proposed quantum is equivalent to six million tonnes of domestic coal. For full story, click here
Decrying the low prices of the industrial fuel, the coal ministry will approach PM Manmohan Singh next month for raising the domestic selling price, which are one-third the international levels now. For full story, click here
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia’s leading coal producers to raise exports quickly to make up for weak domestic demand during the country’s slump. For full story, click here
Russian coal miner Raspadskaya has aimed to steadily raise coal exports as domestic demand remains weak and prices improve slowly. Deputy Chief Executive Alexander Andreyev stated: We need to change our strategy by expanding exports step by step. For full story, click here
Ennore Coke Ltd, a domestic maker of coking coal, has finalised the annual coking coal contracts commenced from April 1 this year with its international suppliers Rio Tinto and BHP Billiton Mitsubishi Alliance, a joint venture of BHP Billiton and Mitsubishi Development Pty Limited. Ganesan Natarajan, president and chief executive officer, Ennore Coke Ltd told [...]
The government will slash nearly by half the import duty levied on heavy and light equipment used for mining coal in line with the accounts for approximately 60% of domestic energy supplies. 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
The U.S. Interior Department has said it will try to overturn a Bush administration rule that made it easier for coal mining companies to dump mountaintop debris into valley streams. The action is the latest blow to the coal industry, which defends mountaintop mining as a safer, cheaper alternative to traditional underground mining.
Reports reveal that the Mozambique coal block allotted recently to Coal India Ltd. is likely to go into production over the next two-to-three years. With initial estimated reserves of 1 billion tonnes, coal will be imported to cater to the domestic demand from customers in western India. For full story, click here
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