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Friday, 24 April 20
COAL INDIA TO PRODUCE 710 MT COAL - MINISTER OF COAL AND MINES
 Coal India Limited (CIL) will produce 710 million tonnes (MT) of coal and company’s coal off take target will also remain at710 MT for this fiscal. Union Minister of Coal and Mines Shri Pralhad Joshi set these targets for the state-run company while reviewing its performance through video conference on 22 April 2020.
According to the press release posted on company’s website, Shri Pralhad Joshi said “The demand of coal will pick up again after coronavirus lockdown, so I have directed CIL to keep the production and off take targets at 710 MT for financial year 2020-21 in line with its goal to achieve 1 billion tonne coal production by year2023-24.”
Union Coal and Mines Minister stressed upon consistency in coal production throughout the year and instructed CIL management to make all necessary preparations so that production doesn’t get affected even during monsoon season. He asked CIL authorities to provide quality coal to all consumers and make sure that sufficient coal is available at power plant during the year.
The press release further noted that, the company’s Over Burden (OB) removal target for financial year 2020-21 was set in the meeting at 1580 million cubic meters in alignment with its 1 BT plans. OB removal refers to the removal of top soil to expose the coal seams making them ready for mining.
“I am proud of our Coal Warriors who are toiling day and night to keep the lights on even during Corona Pandemic and hopeful that CIL will achieve all assigned targets on or before time. Government will extend all possible support to get the targets accomplished.” Shri Pralhad Joshi added.
The Minister further asked CIL management to approach the companies presently importing coal to cater their demand and advised to chalk out a detailed plan to substitute the import of coal.
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Saturday, 09 May 20
ANGLO AMERICAN CONSIDERS SPINNING OFF SOUTH AFRICAN COAL OPERATIONS - REUTERS
Diversified miner Anglo American said on Thursday it prefers unbundling and listing its thermal coal operations in South Africa on the Johannesburg ...
Friday, 08 May 20
THE COLLAPSE OF THE OIL AND BUNKER FUEL MARKETS IN EARLY 2020 - PETER SAND
The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipp ...
Friday, 08 May 20
LNG DEMAND FACED SEVERAL HEADWINDS IN THE FIRST QUARTER OF 2020 - GASLOG
LNG demand faced several headwinds in the first quarter of 2020 including a warmer than average winter in the northern hemisphere, high inventory l ...
Thursday, 07 May 20
IEEFA UPDATE: THE OUTLOOK FOR THERMAL COAL IN SOUTHEAST ASIA AND SOUTH ASIA
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is posit ...
Thursday, 07 May 20
IMO 2020: BUNKER CLAIMS HANDLING GUIDE FOR A NEW DECADE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
IMO 2020 is the term generally used to describe the following regulations under Annex VI of the International Convention ...
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