Indian Demand Spurs Interest in Richards Bay Coal
Platts reported that interest from Indian buyers was behind trades in Richards Bay prompt physical coal.
Articles Tagged "india"
Coal India Posts Q3 Profit Increase of 54%
Bloomberg reported that Coal India (BSE:533278) reported a higher than expected profit for third quarter.
Global Coal Shipments Could Reach 1 Billion Tons
Bloomberg reported that Indian demand may fuel a billion-ton coal market.
Coal India Said to Scrap Plans to Import 250 Million Tons of Coal
Bloomberg reported that Coal India (BSE:533278) is rumored to have dropped a large ten-year coal import deal.
Emerging Economies Drive Coal Markets
Vilified as a dirty energy source in advanced industrialized economies, coal is booming around the world. Emerging economies are the critical driving force behind the continued growth, but barriers do exist.
Coal India Requested to Keep Prices Level
Bloomberg reported that Coal India (BSE:533278) will be asked by India's government to cap coal prices and swallow increased payroll costs.
India Imported 7.6% More Coal in 2011
Bloomberg reported that total coal imports to India were up approximately 7.6% in 2011 over the previous year.
2012 Coal Market Outlook
In 2012, China is apt to be the driving force of the coal markets, followed by its fellow emerging markets.
Lower Rupee To Hurt Coal India Profits
MarketWatch reported that weakness in the rupee may negatively affect profits for Coal India (BSE:533278).
India’s Coal Ministry Opposes Excess Coal Use
The Hindu reported that India's Coal Ministry is considering the requirement that surplus coal production would be sold to Coal India (BSE:533278).
