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.
Coal India Ltd, the country’s leading coal producer, has assured supply of 313 million tonnes of the fuel to power firms under a long-term contract for 2009-10. CIL Chairman Partha S Bhattacharyya stated: We will be giving 307 million tonnes of coal under the long-term fuel-supply agreement to the facilities commissioned till March 2009. Additional [...]
Spot coal prices at China coal port Qinhuangdao were largely flat from a week earlier, however supply uncertainties remained which will push prices higher. For full story, click here
Slowdown in China’s imports of major base metals would continue to remain a cause for concern in the base metals market. For full story, click here
Coal pilferage, given as one of the major reasons behind the supply shortage to consumers, is increasing in India with authorities retrieving about 28,000 tonnes of the raw material in the last fiscal. For full story, click here
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