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Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU


The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement.

“We have short-listed about 21 global companies to import some 250 mt over the next 10 years as part of the long-term-off take deals,” Mr Partha Bhattacharyya, Chairman, Coal India, told reporters on the sidelines of an event on mine safety.

However, Mr Bhattacharyya declined to disclose the pricing details. As part of the long-term off-take deals, Coal India expects to start imports from next fiscal. Shares of Coal India ended marginally lower on BSE at Rs 312.50 (US$ 6.92) on Thursday.

Mr Bhattacharyya said environmental issues such as a ban on mining in critically polluted areas would impact the company's targeted output in the current fiscal.

The Environment Ministry had imposed a temporary moratorium on development projects in some 43 industrial clusters, which were found to be critically polluted. Such a ban was based on the Comprehensive Environmental Pollution Index (CEPI), which mapped the pollution levels in industrial clusters. Some 17 mines of Coal India including that of Chandrapur and Korba were part of the identified critically polluted sectors.

“CEPI was supposed to be reviewed in October, but it has been extended till March. This would impact our output by 16 mt,” Mr Bhattacharyya said.

Coal India had set a production target of 460 mt for the current fiscal. Coal India expects the shortfall to increase to 39 mt in 2011-12, if the moratorium continued beyond March 31, 2011. (1 INR = 0.0221607 USD  - Source: www.xe.com)
Source: The Hindu



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Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...


Wednesday, 02 February 11
HUGE TONNAGE OVERSUPPLY LOOMING FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market taking another dive yesterday, to just over 1,000 points (1,084), losing more than 2% on the day, it’s more than obvi ...


Monday, 31 January 11
S. SUMATRA COAL RAILWAY TO BE COMPLETED ON SCHEDULE - THE JAKARTA POST
The Jakarta Post reported that, despite land acquisition problems, state coal mining company PT Bukit Asam is upbeat that the development of a railw ...


Monday, 31 January 11
COAL MINER PTBA TO DRIVE OUTPUT WITH ACQUISITIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, State coal company Perusahaan Tambang Batubara Bukit Asam said its output would increase 34 percent to 17.6 million ...


Saturday, 29 January 11
PRESSURE ON SHIPPING MARKET MAY CONTINUE UNTIL MID FEBRUARY 2011
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1370 points. In  May 2010 the BDI touched 4,209 ...


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