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Monday, 04 November 19
COAL INDIA'S OCTOBER PRODUCTION MAY FALL 20% - PTI
Coal India’s production in October is likely to be 19-20 per cent lower at about 40 million tonne, as compared to 49.77 million tonne produced in the year-ago month, the output data suggested, PTI reported.
 
According to PTI, the miner, which has a target to produce 57.17 million tonne for the month, has actually produced 37.92 million tonne of coal till October 30, according to the data. The coal behemoth had produced 30.77 million tonne in September this year.
 
The data indicates that the miner’s rate-of-production has not been picked up, which led to a shortfall in the month.
 
Coal India aspires to produce 660 million tonne of the dry fuel in FY20, says PTI.
 
According to provisional data, the miner produced 278.92 million tonne of coal till October 30 in FY20, achieving 82.17 per cent of the target of 339.43 million tonne.
 
The miner’s data also suggested that its off-take target was 360.44 million tonne for the period while the company achieved 314.59 million tonne.
 
Rating agency ICRA had predicted that Coal India’s output target will be missed by 55-75 million tonne.


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Recent News

Wednesday, 20 November 19
FOREIGN DIRECT INVESTMENTS IN COMMERCIAL COAL MINING IN INDIA? - DIPESH DIPU
In August 2019, Government of India announced its approval for Foreign Direct Investment (FDI) for coal mining, processing and sale. Not that FDI i ...


Wednesday, 20 November 19
AUSTRALIA'S NEW HOPE POSTS 66% SURGE IN Q1 SALEABLE COAL OUTPUT - REUTERS
Australian coal producer New Hope Corp Ltd reported on Tuesday a 66% jump in saleable coal production in the first quarter, as output ramped up at ...


Wednesday, 20 November 19
THE IMO AND THE PRICE OF GAS OR THE IMPACT OF THE INTERNATIONAL MARITIME ORGANISATION'S SULPHUR 2020 LIMIT FOR MARINE FUEL OIL ON THE PRICE OF GAS - KING & SPALDING
The main bunker fuel for ships is High Sulphur Fuel Oil (HSFO, with sulphur up to 3.5% m/m (mass by mass)). This will all change on 1 January 2020 ...


Wednesday, 20 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
While the market expects the next OPEC meeting, there are still no clear signs indicating that the organization will keep supporting oil prices, wh ...


Monday, 18 November 19
CHINA RECORDS STABLE COAL PRODUCTION IN JAN-OCT: XINHUA
China’s raw coal output registered stable growth in the first 10 months, while its imports remained robust, official data showed.   ...


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