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Thursday, 07 May 20
CIL'S SUPPLY TO POWER SECTOR FALLS IN MARCH AMID SLUMP IN COAL DEMAND - PTI
 The supply of coal to the power sector by state-owned CIL registered a decline of eight per cent to 42.30 million tonne in March in the wake of slump in the fuel demand due to lockdown. CIL dispatched 45.84 million tonne (MT) of coal in the corresponding month of 2018-19, the coal ministry said in its latest report to the Cabinet.
In 2019-20, the supply of fuel by Coal India Ltd (CIL) to the power sector dropped by six per cent to 463 MT as compared to 491.5 MT in 2018-19.
CIL, the world’s largest coal producing company, is a major supplier of the dry fuel to the power sector in India.
The coal supply by state-owned Singareni Collieries Company Ltd (SCCL) to the power sector also dropped by 19 per cent to 4.35 MT in March, over 5.35 MT in the year-ago period.
In 2019-20, SCCL dispatched 52.95 MT of coal as compared to 55.38 MT in the previous fiscal, registering a decline of 4.4 per cent.
With the power sector, a major consumer of the dry fuel, witnessing almost 30 per cent drop in fuel consumption amid the lockdown, CIL has shifted its focus to overburden removal — the process of removing the top soil and rock to expose coal seams in its open cast mines.
The enhancement in overburden removal will enable CIL to accelerate production whenever the demand picks up and coal can be supplied to its customers at short notice.
Over 95 per cent of CIL’s production comes from its 171 open cast mines.
The PSU removed 114.43 million cubic metres of overburden in its open cast mines in April 2020, as compared to 104.22 million cubic metres during the same period last year, registering an increase of 9.7 per cent.
A Central Electricity Authority (CEA) report said that as on April 30, 2020, there were 50.89 MT of coal stocked up at the power houses in India, enough to last for 31 days.
CIL itself has a pit-head stock of about 76 MT as on April 30.
The PSU is in regular touch with its customers, especially in the southern states, and is pursuing them to increase the intake of domestic coal as a substitute for imported coal.
CIL, which accounts for over 80 per cent of domestic coal output, is eyeing one billion tonne of production by 2023-24.
Source: PTI
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Monday, 18 May 20
TAKING ADVANTAGE OF VIRUS DISTRACTION - BALTIC EXCHANGE
As the industry grapples to deal with exceptional Covid-19-related challenges, a deeper threat is coming to the fore. At this time of crisis, more ...
Monday, 18 May 20
THERMAL COAL SPOT PRICE TUMBLES 25 PER CENT, PUTTING PRESSURE ON SOME PRODUCERS - ABC RURAL
The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in d ...
Monday, 18 May 20
CHINA'S COAL OUTPUT UP 1.3 PCT IN JANUARY-APRIL: XINHUA
Output of raw coal in China rose 1.3 percent year on year to 1.15 billion tonnes in the first four months this year, official data showed.
&nbs ...
Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
Capesize
A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the ...
Friday, 15 May 20
CHINA'S COAL CONSUMPTION TO FALL Y/Y IN SECOND QUARTER, IMPROVEMENT EXPECTED IN SECOND HALF - INDUSTRY BODY: REUTERS
China’s coal consumption is expected to decline in the second quarter from a year earlier, but will see an improvement in the second half of ...
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- Globalindo Alam Lestari - Indonesia
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- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
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- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
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- LBH Netherlands Bv - Netherlands
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- MS Steel International - UAE
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- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
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- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
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- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
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- Directorate Of Revenue Intelligence - India
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- Indian Oil Corporation Limited
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- Directorate General of MIneral and Coal - Indonesia
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- Indonesian Coal Mining Association
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- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
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- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Australian Coal Association
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- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
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- CNBM International Corporation - China
- Ministry of Mines - Canada
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- SMG Consultants - Indonesia
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- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
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- The University of Queensland
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- Altura Mining Limited, Indonesia
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- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
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