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
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
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
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
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 [...]
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 [...]
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
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.
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.
Xstrata says has cut ore production by 20 percent at its McArthur River mine in Australia. For full story, click here
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