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Friday, 29 May 20
COVID-19: COAL SUPPLY BY CIL TO POWER SECTOR DIPS 22% TO 32 MT IN APRIL DUE TO DEMAND SLUMP - PTI
 Over 95% of CIL’s production comes from its 171 open cast mines.
The supply of coal to the power sector by state-owned Coal India has dropped 22 per cent to 31.95 million tonnes in April amid slump in the fuel demand in the country on account of COVID-19-induced lockdown.
Coal India (CIL) had supplied 40.90 million tonnes (MT) of April 2019, coal ministry said in a report.
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 38.6% to 2.86 MT in April, from over 4.66 MT in the year-ago period, the report said.
With the power sector, a major consumer of the dry fuel, witnessing a 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% 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 a year ago, registering an increase of 9.7%.
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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Friday, 07 August 20
PEABODY'S $1.42 BILLION WRITE-DOWN CONCEDES COAL MINES HAVE LITTLE VALUE AND DIM FUTURE - IEEFA
Trouble at biggest mine in Powder River Basin speaks volumes about state of industry
Peabody Energy, the world’s largest priva ...
Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...
Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...
Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...
Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...
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- Africa Commodities Group - South Africa
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- Carbofer General Trading SA - India
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- Directorate General of MIneral and Coal - Indonesia
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- The State Trading Corporation of India Ltd
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- Minerals Council of Australia
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- The Treasury - Australian Government
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- Ministry of Transport, Egypt
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- Tamil Nadu electricity Board
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- Kobexindo Tractors - Indoneisa
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- Bangladesh Power Developement Board
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- Siam City Cement PLC, Thailand
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- Edison Trading Spa - Italy
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- Economic Council, Georgia
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- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
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- Barasentosa Lestari - Indonesia
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- Malabar Cements Ltd - India
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- Straits Asia Resources Limited - Singapore
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- Agrawal Coal Company - India
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- AsiaOL BioFuels Corp., Philippines
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- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
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- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- The University of Queensland
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- Price Waterhouse Coopers - Russia
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- Georgia Ports Authority, United States
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- Global Coal Blending Company Limited - Australia
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- Electricity Authority, New Zealand
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