NTPC announced that it would commence coal production from its mines in Jharkhand in the second half of this fiscal. Mr R S Sharma , CMD., NTPC stated: We will start coal production from PB (PakhriBarwadih) mines in the second half of current fiscal. For full story, click here
Continue reading "NTPC to commence coal production from Jharkhand mines soon"
Thursday, April 2, 2009
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
Continue reading "CIL's Mozambique coal block to go into production"
Thursday, March 26, 2009
India’s first pubic-private partnership coal project named Gopal Prasad Open Cast Project here, will commence its production from next year. For full story, click here
Continue reading "Coal project to commence operations next year"
Monday, March 23, 2009
A coal mining unit of PT Bayan Resources has received orders from Indonesia to temporarily stop production for operating outside approved areas. For full story, click here
Continue reading "Indonesia orders temporary freeze at Bayan coal mine"
Tuesday, March 10, 2009
Arch Coal Inc. has agreed to pay Rio Tinto Plc $761 million for a mine in Wyoming’s Powder River Basin that will allow it to significantly boost production in the nation’s biggest coal-producing area. Ramsey analyst David Khani, stated: Strategically, this makes sense since the mine is adjacent and Arch can absorb the mine very [...]
Continue reading "Arch Coal agreed to pay for Wyoming Mine"
Monday, March 9, 2009
Singapore listed Straits Asia Resources has announced its plans to achieve more than double its annual coal production making it to 20 million tonnes by 2012. The company may acquire two Indonesian coal mines to achieve that target. Mr Richard Ong, CEO of Straits Asia, said: I think the plan for this company is to [...]
Continue reading "Straits Asia aims to achieve output target of 20 million tonnes"
Friday, February 27, 2009
The production of coal Xinjiang autonomous region is expected to reach 80 million tonnes in 2009 and 150 million tonnes in 2010. For more information, click here
Continue reading "Xinjiang coal production to touch 150 million tonnes in 2010"
Wednesday, January 28, 2009
There’s no denying the worldwide recession has led to global cutbacks in the demand for most commodities, coal included. Coal producers like Peabody Energy have been forced to curtail production as demand slumps from both the steel industry and the energy sector.
Continue reading "Will Peabody ride the coal bull again?"
Thursday, January 15, 2009
Supply and demand of coal is expected to be a bit more important in 2009, with the almost irrational movement along with crude oil turning out to be less of an influence.
Continue reading "Coal and Oil – the Rise and Fall"
Wednesday, January 14, 2009
Xstrata says has cut ore production by 20 percent at its McArthur River mine in Australia. For full story, click here
Continue reading "Xstrata cuts ore production by 20 percent"
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Monday, April 13, 2009