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Friday, 05 June 20
COAL INDIA ESTIMATES PRODUCTION GROWTH BY OVERBURDEN REMOVAL - FINANCIAL EXPRESS
 PSU miner Coal India (CIL) has now limited mining only to Overburden Removal (OBR) with falling demand of coal. The mining behemoth is now keeping seams exposed removing the top soil so that coal can be extracted as soon as the demand picks up.
OBR is an integral part of coal mining and the first stage in the process. Through exposed seams it can be easily estimated how much of coal has actually been mined, a CIL official told FE.
CIL has already been flushed with pit head stock and reserves at the power plants are at an all time high. As of April 1, this year, pit head stocks are 75 million tonne (MT) while reserves at power plants are 50 MT, maintaining over 30 days stock above the required level of 22 days as mandated by the Central Electricity Authority. So, extracting further coal from the mines and creating a huge stock pile would endanger the mines with chances of catching fire.
So, CIL for now is only exposing seams keeping coal ready for extraction as soon as the demand picks up. The company has also started reporting growth in terms of OB removal. CIL has kept a target of producing 710 mt for FY 21, which is huge jump from the 602 mt it has achieved this fiscal. CIL fell short of target by 58 mt during FY20 but in FY21 it wants to remain on target, for which it has concentrated on speedy OB removal, a CIL official said.
OB removal grew 10.4% during May, against OB removed during April this year, while production of coal and off take grew by 2.6% and 2.3%, respectively on a month-to-month basis. The miner as a whole produced 41.43 mt of coal in May compared to 40.38 mt in April.
Amid a crippled demand, coal sales expanded 0.9 mt during May in terms of volume. Offtake was up at 39.95 mt during May as compared to 39 mt in April.
Non-power sector, which always starved of coal showed an impressive growth of 37.3% in off take during May with supplies in absolute terms at 9.76 mt. These are positive signs of CIL ramping up production, a CIL official said, adding though demand for coal was yet to pick up.
Source: Financial Express
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Monday, 01 June 20
SUPRAMAX: IN SOUTH EAST ASIA RATES TRADED SIDEWAYS - BALTIC BRIEFING
Capesize
A sober end to the week, with the market seemingly ready for the weekend. After a steady week of rate declines a small flurry of Atlan ...
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 In ...
Friday, 29 May 20
AUSTRALIA'S NEW HOPE WARNS OF HIT FROM COAL PRICE SLUMP - REUTERS
Australia’s New Hope Corp Ltd said on Thursday that a sudden drop in thermal coal prices and lower output from its Queensland operations woul ...
Friday, 29 May 20
GOVT MAY LAUNCH COAL BLOCKS AUCTION PROCESS UNDER COMMERCIAL MINING ON JUN 11 - PTI
The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected to go under t ...
Friday, 29 May 20
KOMIPO ON BEHALF FIVE KOREAN GENCOS INVITED COAL BIDS FOR 5,700 & 4999 NCV COAL FOR AUGUST 2020 LOADING
COALspot.com: South Korea’s Korea Midland Power Co.,Ltd (KOMIPO) on behalf five (5) Korean Gencos has Issued an International Tender for tota ...
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- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Central Electricity Authority - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Marubeni Corporation - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
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