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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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Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...
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- Barasentosa Lestari - Indonesia
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- Toyota Tsusho Corporation, Japan
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- Parliament of New Zealand
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- Bhatia International Limited - India
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- Eastern Coal Council - USA
- The University of Queensland
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- Posco Energy - South Korea
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- Indonesian Coal Mining Association
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- India Bulls Power Limited - India
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- CIMB Investment Bank - Malaysia
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- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
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- Directorate Of Revenue Intelligence - India
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- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Edison Trading Spa - Italy
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- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
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- Metalloyd Limited - United Kingdom
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- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
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- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
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- Sarangani Energy Corporation, Philippines
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- The State Trading Corporation of India Ltd
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- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- White Energy Company Limited
- Minerals Council of Australia
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