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Thursday, 16 April 15
INDIA: COAL IMPORTS RISE BY 33 PC TO 240 MT IN FY'15 - PTI
 India’s coal imports in the just concluded FY 2015 increased by 33 per cent to about 240 million tonnes.
“Coal import have gone up by 33 per cent to about 240 million tonnes in the last fiscal, ” mjunction Managing Director & CEO Viresh Oberoi told PTI.
Mjunction Services is a e-auction joint venture between Tata Steel and SAIL. The imports have gone up due to fall in the coal prices in the international market leading to the companies, including power producers, to buy imported coal, he said.
“With the fall in international coal prices, the companies, including the power firms, in the western and southern region are buying imported coal,” he said.
The coal import in 2013-14 was about 180 million tonnes, he said.
Oberoi further further said the coal import in the ongoing fiscal is likely to be between 220-250 million tonnes.
State-run Coal India meets over 80 per cent of the domestic requirement.
Coal and Power Minister Piyush Goyal had said last month that importing coal is “unjustified” at a time when the country is sitting on huge coal reserves.
“When the country is sitting on a huge coal reserve, to import it is unjustified. The production of coal has risen from 432 million tonne to 460 million tonne and will cross 493 million tonne this year, which will be an increase of over 30 million tonne,” Goyal had said.
The government has set an ambitious one billion tonne coal production target for Coal India by 2020.
Source: PTI
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Monday, 01 June 15
35,000 MW POWER PLANTS TO BOOST COAL CONSUMPTION - JP
The government’s program to develop 35,000 megawatt (MW) power plants will increase domestic coal consumption, which currently stands at arou ...
Monday, 01 June 15
API 5 FOB NEWCASTLE COAL SWAP; Q1'16 CLOSED LOWER COMPARED TO Q3'15
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.36 per MT (0.80%) month over month. The swap was closed at US$ ...
Monday, 01 June 15
CFR SOUTH CHINA COAL SWAP: GAINED W-W, M-M; Q1'16 CLOSED HIGHER THAN Q3'15
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery up US$ 1.15 (2.26%) per MT month over month.
A commodity swap is a f ...
Sunday, 31 May 15
CAPE AND PANAMAX SEGMENTS SLIDE CONTINUES
COALspot.com: The BDI was up about 0.5 pct week on week and closed at 589 points while the cape index was fell 0.73 pct and closed at 810 po ...
Friday, 29 May 15
DRY BULK MARKET IS THE VICTIM OF A SHIFT IN DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The fall in dry bulk freight rates is attributed, in large part, to the substantial decrease of China’s thermal coal imports, a major commodi ...
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- Georgia Ports Authority, United States
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- GMR Energy Limited - India
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- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
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- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
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- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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- Sakthi Sugars Limited - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Borneo Indobara - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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