CATEGORIES
“MOST INDUSTRIES WILL START RETHINKING ON THEIR CAPEX STRATEGIES”
V Punniyamurthy, mining head, FLSmidth discusses how to face Covid challenges.
India's March coal imports down 9% y-o-y
Coal and coke imports during March are estimated to be down by 8.5 percent. Imports in March touched 19.87 mt down from 21.72 mt on year. Of the total imports, non-coking coal were at 13.16 mt, against 15.12 mt imported in March 2019.
CIL starts work on CBM projects at Jharia & Raniganj
Central Mine Planning and Design Institute will be the Principal Implementing Agency (PIA) for the subsidiaries and facilitate extraction of Coal Bed Methane gas to supplement the domestic demand of gas and enhance safety of mines and coal production.
Can Coal India reach its ambitious target of 710 million tons for FY21?
The government has mandated Coal India to produce 710 million tons in FY21 in line with the earlier set target to produce 1 billion ton by FY24. The breakup of this target subsidiary-wise is as follows.
Cash crunch & competition: Coal India stares at new normal
E-auction norms to hurt earnings
Cabinet approves mine auction methodology
Keeps floor price at 4% of revenue
Corona Epidemic, Trade Disputes Hurt Global Coal Miners
Sharp decline in metallurgical coal prices in later half of 2019 trigged by broad-based demand weakness in all major consumption regions excluding China followed by weakness in China itself because of the coronavirus epidemic are hurting mining companies across the globe.
KOPT LOOKS BEYOND CARGO, FORAYS INTO SHIP REPAIR, CRUISE
As Kolkata Port Trust (KoPT) celebrates its 150th anniversary, the organisation that manages the ports of Kolkata as well as Haldia, finds itself at the crossroads.
NTPC 9M FY20 profit after tax up by 20%
Coal production grows 6.6% on quarter
SCCL's coal production down 9% y-o-y in Jan
Coal production by Singareni Collieries Company Ltd (SCCL) declined by 9.06 percent to 5.72 million tons (mt) in January 2020, compared to 6.29 mt reported for the same month last year, according to (provisional) data released by the company.
Traffic handled by major ports up 1% till January
The 12 major Indian ports handled 585.725 million tons (mt) of total traffic during April-January 2020, 1.14 percent higher than 579.106 mt recorded for April-January 2019, as per data released by the Indian Ports Association (IPA).
Dipka mine bags environmental clearance
The Environment, Forest and Climate Change ministry has sanctioned a 30-year environment clearance extension to Coal India’s Dipka coal mine in Chhattisgarh. The mine was had been submerged in a flood five months ago.
India's December coal imports up 13% y-o-y
India’s coal and coke imports during December 2019 through major and non-major ports are estimated to be up by 13.42 percent compared to December 2018, according to a compilation by Coal Insights, based on monitoring of vessels’ positions and data received from shipping companies and various sources. Imports during December 2019 stood at 20.52 mt as compared to 18.10 mt imported in December 2018.
Commercial mining norms may be eased following feedback
Government may tweak some of the draft norms of the commercial coal mining to ensure adequate response from the mining industry.
CIL's coal production up 10% in January
In line with the turnaround in production growth witnessed in December 2019, Coal India’s (CIL) coal production in January 2020 surged by 10.3 percent to 63.11 million tons (mt) in January 2020, compared to 57.20 mt achieved in the same month last year, according to (provisional) data released by the company.
Coronavirus Epidemic: VIRAL SLOWDOWN
The outbreak of the novel coronavirus or Covid-19 has emerged as a black swan event that has repercussions for the Chinese and global economy as well.
Parliament passes law to open coal sector for commercial mining
Parliament has passed The Mineral Laws (Amendment) Bill, 2020 for amendments in Mines & Mineral (Development and Regulation) Act 1957 and The Coal Mines (Special Provisions) Act, 2015.
India's Power Distribution Sector Needs Further Reform: IEEFA
The crippled power distribution sector must be made profitable: IEEFA
India's January coal imports down 12% y-o-y
Coal and coke imports in January 2020 are down 11.76 percent compared to January 2019, according vessels’ positions and data received various sources. Imports in January 2020 was 18.67 million tons compared to 21.15 mt in January 2019.
Coal India floats tender for Dankuni methanol project
Coal India seeks inputs from various experienced players and stakeholders in the industry like technology suppliers, contractors and other consultants experienced in construction or operation of chemical plants, oil marketing companies in lndia for the project to be set up under Built Own Operate basis.
“Government's focus on raising coal production calls for requirement of major mining equipment”.
Tata Hitachi, a joint venture between Tata Motors and Hitachi Construction Machinery Co. is a market leader in excavators in India. With government focusing on opening up coal mining to merchant and foreign miners and increasing coal production by multifold, Tata Hitachi expects upsizing of equipment and latest technology. Yet, mega mining, which allows for long term large scale mining, is also yet to arrive in India in a big way. Also, government procurement of mining equipment has to upgrade to merit-based equipment selection, Hemant Mathur- Assistant VP, Sales and Marketing, Tata Hitachi tells Ritwik Sinha of CoalInsights.
Renewable to make investment in coal uncompetitive: Report
Several governments around the world continue to incentivise and underwrite new coal power because market regulations put coal at an economic advantage. In some regulated and semi-regulated markets they also allow the high cost of coal to be passed on to consumers through bills, or they use taxpayers’ money to subsidise coal operators so they can sell power for less than it costs to produce.
Power sector revives but to stay muted in FY21
Early signs in 2020 indicates revival in the power sector with base and peak power demand increasing in January by 3.6 percent and 5.3 percent on year, respectively, largely due to a revival in the industrial activity and slowdown in renewable generation.
Global lockdown: Economies under siege
Since we talked about coronavirus epidemic in our February cover story, the outbreak has turned into a global pandemic over the past 30 days, pushing the world in an unprecedented period of crisis and uncertainty.
Coronavirus an unprecedented shock to global economy: Moody's
Sees India GDP growing 2.5% in 2020
ArcelorMittal calls for carbon tax law on EU imports
Currently within the EU, energy-intensive industries including steel producers, pay a carbon cost under the EU Emissions Trading System. But this does not apply to steel producers from markets outside the EU who can sell steel with comparable or often significantly higher, carbon emissions, at a lower price.
Energy demand shows early signs of recovery
Thermal energy demand, after declining for five consecutive months, has shown some early signs of recovery as the decline in December of just 0.5 percent on year was much lower than what was seen in that in October (12.9 percent) and November (4.3 percent).
India's November coal imports up 21% y-o-y
Coal and coke imports during November 2019 through major and nonmajor ports are estimated to be up by 21.02 percent compared to November 2018, according to a compilation by Coal Insights, based on monitoring of vessels’ positions and data received from shipping companies and various sources.
Coal production growth seen 1-2% in FY20: Care Ratings
Domestic coal production growth is likely to be around 1-2 percent in FY20, Care Ratings has said in a report.
SCCL's coal output down 5.4% y-o-y in December
Coal production by Singareni Collieries Company Ltd (SCCL) declined by 5.41 percent to 5.71 million tons (mt) in December 2019, compared to 6.04 mt reported for the same month last year, according to (provisional) data released by the company.