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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the current fiscal year, D.C. Garg, chairman of the company's subsidiary Western Coalfields Ltd told Reuters.
The country's demand for coal is rising, particularly from the steel and the power sectors which are expanding capacity, but domestic coal output targets are being scaled down because of delays in several projects.
"Demand will come out strongly," Garg said.
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“India's coal imports may rise to 50 million tons in 2011/12 from about 30 million tones as demand from steel plants is expected to rise” - D.C. Garg
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On Tuesday, Coal India, the country's largest coal producer, said it would miss its output target for the financial year that ends on March 31, and would scale down its output target for 2011/12 due to delayed projects.
Garg said India's coal imports may rise to 50 million tonnes in 2011/12 from about 30 million tonnes as demand from steel plants is expected to rise in step with capacity expansion.
Coal shortages have hit India's power output and firms such as the National Aluminium Corp have faced precariously low stocks of the fuel.
India's power generation in December grew 5.45 percent, but would have grown 6.5 percent if adequate coal was available at plants of NTPC Ltd
Source: Reuters
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Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
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