Articles Tagged "production"

NTPC to commence coal production from Jharkhand mines soon

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

CIL's Mozambique coal block to go into production

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

Arch Coal agreed to pay for Wyoming Mine

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 [...]

Will Peabody ride the coal bull again?

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.

Coal and Oil – the Rise and Fall

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.